Share

Telecom Italia: Orange and Argentina give wings to the title

The CEO of the French group has opened up to a merger if Bolloré asks for it - Matteo Renzi's reaction is possible - Meanwhile, the completion of the sale of Telecom Argentina to Fintech has brought another 550,6 million dollars into Telecom Italia's coffers

Telecom Italia: Orange and Argentina give wings to the title

Vola Telecom Italia stock on the Stock Exchange, which at the opening comes to gain 4%, scoring the best rise in the Ftse Mib, which in the same minutes travels positive by 0,8%.

The purchases of the shares of the TLC group were triggered by two factors. The first is the possible marriage with Orange: The CEO Stephane ricard he said that the French company (formerly France Telecom) would be ready to consider a merger with Telecom Italia if asked by Vincent Bolloré, president of Vivendi, the largest shareholder of the Italian telephone group.

“If one day Bolloré told me: the best thing would be to make an agreement between us and get Orange to buy Telecom Italia, we would be wary of each other,” said the CEO of Orange.

Possible the reaction of Matteo Renzi. The Italian premier, yesterday in Venice for the meeting with François Hollande, replied in the press conference as follows: “Italy is pleased to welcome those who have money to invest and ideas. We are very happy if it is possible to create a pole capable of enhancing Latin and European culture, but let the market do its part. Anyone who has money and plans to create jobs and intriguing ideas should know that Italy is the right place to try and experiment with one's skills”.

“In defense – he replied Holland – there may be concentrations between Italian and French companies, even in telecommunications if we want to have weight. There is no future without a strong industry: we must not fear these investments”.

The second factor upstream of the rise in the Stock Exchange is the completion of the sale of Telecom Argentina to Fintech, which resulted in the coffers of Telecom Italia another $550,6 million, in addition to the 329,5 already arrived with the initial agreement between December 2013 and October 2014.

Finally, the front of the ultra-wide band. Yesterday evening Vodafone and Wind met the representatives of Metroweb shareholders, Cassa Depositi e Prestiti and the F2i fund, as potential customers of the network that could arise from the agreement between Metroweb itself and Telecom Italia.

comments