Telecom Italia chief girds for battle over Olivetti bid

Article Abstract:

Franco Bernabe, managing director of Telecom Italia SpA, is preparing to prove to shareholders that his plans for a reorganization of the world's sixth largest telecom group top what its rival, Olivetti SpA, has to offer. This is occurring amidst rumors that Olivetti SpA could re launch its $58 billion acquisition offer. His plan is to exploit the convergence between fixed and mobile communications by combining Telecom Italia with its 60% owned TIM, Europe's largest cell phone operator. Mr. Bernabe also plans to focus on data transmission services.

United States, Telecom Italia S.p.A.

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BT plans restructuring aimed at reducing debt

Article Abstract:

British Telecommunications PLC announced a new restructuring strategy under which it plans to terminate 5,000 jobs next year and raise GBP10 billion (Euro16.64 billion) by partly spinning off business units, including its wireless business, and selling overseas assets.

United Kingdom, Asset sales & divestitures, Foreign operations, Personnel administration, British Telecommunications PLC

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Telefonica pitches plans for debt repayment

Article Abstract:

Telefonica S.A. is attempting to convince investors of its debt-repayment plan. The company is committing itself to a more conservative investment strategy, along with planning to reduce its debt.

Spain, Telefonica S.A., Debt, TEF

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