Telecom Italia alters bid for rest of mobile unit

Article Abstract:

Telecom Italia is terminating a plan to incorporate Telecom Italia Mobile SpA (TIM) by way of an exchange of shares. The company will instead offer almost $25 billion in cash to investors for the share it does not already own. Telecom made the move in response to the demands of its stockholders. Previously, Telecom CEO Franco Bernabe planned to merge the firm with TIM through a share exchange that would have increased the group's value.

Comment:

Telecom Italia terminating plan to incorporate Telecom Italia Mobile SpA (TIM) by way of an exchange of shares

Italy, Strategy & planning, Telecommunications, Telecom Italia S.p.A., Telecom Italia Mobile S.p.A.

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Thailand postpones phone decision

Article Abstract:

Thailand's Communications Authority has surprisingly postponed making a decision on whether or not to approve a new mobile telephone network. The decision has been delayed two weeks so that the authority can develop the technical and financial details of the planned network.

Government domestic functions, Radiotelephone communications, Thailand, Telecommunications systems

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