Italian digital-TV firms face a risky terrain

Article Abstract:

Digital TV companies in Italy are experiencing problems in providing digital TV services in Europe. Kirch Group and Bertelsmann AG first encountered problems after the European Commission decided to reject their proposed digital TV partnership. The move by the commission follows after receiving tips from Brussels, Belgium, that the alliance was aimed mainly to reduce costs involved in a digital launch. Italian industry experts believe that the commission's decision will lead to the development of a more costly new service.

Comment:

Italy: Digital TV companies in the country are experiencing problems in providing digital TV services in Europe

Market information - general, Article

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Consob approves Olivetti's offer; Italian regulator reverses course, clearing way for Telecom Italia bid

Article Abstract:

Ing. C. Olivetti e Compagnia S.p.A.'s revised hostile bid for Telecom Italia S.p.A. has been approved by Consob, the Italian securities regulator. However, Consob stipulated that Olivetti's $58 million tender offer must begin in April 1999 to be considered valid. Olivetti also had to formalize its agreement to divest itself of Omnitel Italia S.p.A. and Infostrada S.p.A. if the takeover bid is successful.

Comment:

Ing. C. Olivetti e Compagnia S.p.A.'s hostile bid for Telecom Italia S.p.A. is approved by Italian securities regulators

Asset sales & divestitures, Acquisitions & mergers, Computer and Office Equipment, Office & Computing Machines, Office equipment, Office equipment and supplies industry, Office equipment industry, Abstract, Olivetti S.p.A.

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News Corp. suspends talks on digital-TV deal in Italy

Article Abstract:

Media giant News Corporation Ltd., has abandoned plan to forge an alliance on digital television with Italy's telecommunications giant Telecom Italia S.p.A. The plan calls for News Corporation, to acquire 80% share of Telecom Italia's television company Stream S.p.A., through its subsidiary New Corp. Europe.

Comment:

News Corp., abandons deal for digital television with Telecom Italia S.p.A.

Television broadcasting stations, PRINTING AND PUBLISHING, Publishing, Publishing Industries, Alliances, partnerships, Publishing industry, Telecommunications services industry, Telecommunications industry, Contracts, The News Corporation Ltd., Stream S.p.A., News Corp. Europe

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