Olivetti considers spinoff of Telecom Italia Mobile

Article Abstract:

Shares of Olivetti SpA rose 4.9% on the news that Telecom Italia SpA plans to distribute the stock of Telecom Italia Mobile SpA to shareholders when it spins off its cellular business. This supersedes plans to merge TIM with Tecnost SpA, which carries a heavy debt.

Italy, Asset sales & divestitures, Office & Computing Machines, Management, Office equipment, Office equipment and supplies industry, Office equipment industry, Olivetti S.p.A., Telecom Italia Mobile S.p.A., Tecnost S.p.A.

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Dolphin Telecom sees bond rating reduced by S&P

Article Abstract:

Dolphin Telecom PLC saw its bond rating lowered to triple-C-minus from triple-C by Standard and Poor's. The company will receive $300 million (324.4 million euros) in convertible loans from Telesystem International, its controlling shareholder.

Europe, Financial analysis, Evaluation, Standard & Poor's Corp., Dolphin Telecom PLC

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France Telecom plans to sell shares of its Orange unit

Article Abstract:

France Telecom SA announced that it is planning to sell off a minority share in its Orange SA mobile phone unit. France Telecom hopes to sell up to 15% of Orange.

France, Organizational history, Planning, France Telecom S.A., FTE, Orange S.A.

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