Please try later

Article Abstract:

Olivetti has made a bid for Telecom Italia, which has called a stockholders' meeting that has failed to attract enough stockholders for a quorum. Telecom Italia sought permission to acquire a stake of 40% in Telecom Italia Mobile. There is concern about Olivetti's bid which would leave Telecom Italia with high debt levels. There are also doubts as to what Olivetti could contribute in terms of management. A counter-bid could emerge, though the Italian government is not keen on Telecom Italia being acquired by a foreign concern.

Olivetti S.p.A.

---

A bad telecoms merger

Article Abstract:

The planned merger between Telecom Italia and Deutsche Telekom would create the biggest telecoms company in Europe. Both participants have problems, and defensive mergers tend not to succeed. Telecom Italia lacks a convincing strategy, while Deutsche Telekom has to cut costs and needs to improve its international strategy. Telecoms companies do not necessarily benefit from scale. The proposed merger would probably destroy stockholder value, and the German government should prevent it.

Deutsche Telekom AG

---

Flattering to deceive

Article Abstract:

Lessons from the acquisition of Telecom Italia illustrate problems with corporate governance and takeover rules in Italy. Stockmarket reforms are needed for greater transparency.

Italy, Corporate governance, Securities law

Similar abstracts:

• Abstracts: The conquest of location. A mobile merry-go-round. Pass the painkillers
• Abstracts: Phelps Dodge's net beats estimates in third quarter. AngloGold net increases 2%. Angloplats, Impala expected to post strong earnings
• Abstracts: EU may ease textile-trade logjam. Asia faces a dressing down. Earthlink raises price, following AOL's lead
• Abstracts: Treasure Island. Lai brushes aside ad slump. A sellout for Jimmy Lai
• Abstracts: Mineral waters. Bottled Water in Germany. The German market for bottled water

This website is not affiliated with document authors or copyright owners. This page is provided for informational purposes only. Unintentional errors are possible.