News sentiment analysis powered by sentiment-insight.com
TIM to be a game changer in State’s tourism development, says Pinarayi
Chief Minister Pinarayi Vijayan called upon the investors to become partners in Kerala’s transformation into a world-class economy. The TIM is intended to connect investors with key stakeholders, local entrepreneurs, and industry experts.
₹15,116.65 crore worth investment offers received Kerala Tourism has signed a Memorandum of Understanding (MoU) with Tamara Leisure Pvt Ltd for tourism projects worth ₹250 crore for developing houseboat and hotel projects in Alappuzha and Kannur. A facilitation centre has been set up to follow up on proposals and investment offers received in the TIM.
Telecom Italia CEO seeks new term after grid deal with KKR Pietro Labriola says he is available for a second term as CEO of Telecom Italia. He was appointed as CEO in January last year. TIM's board agreed on Sunday to sell its prized landline grid to KKR in a 19 billion euro deal.
Telecom Italia core profit up 9% as grid share deal... Telecom Italia core profit up 9% as grid share deal helps domestic sales. Debt-laden TIM is seeking to fundamentally reshape its business with the KKR deal.
TIM shares lose early bounce after board approves grid... Telecom Italia's board approved the sale of its fixed-line network to U.S. private equity firm KKR. Vivendi, which owns 24% of TIM, said it considered the decision to proceed without a shareholder vote as "unlawful"
EXPLAINER-What's at stake in Telecom Italia grid deal? TIM's landline network covers nearly 89% of the country's households. Vivendi is the largest individual shareholder, with a stake of almost 24%. Prime Minister Giorgia Meloni's government is also involved.
TIM shares lose early shine after KKR grid deal Telecom Italia board approves sale of its fixed-line network to U.S. private equity firm KKR. The 19 billion euro ($20.4 billion) deal is a key plank of TIM Chief Executive Pietro Labriola's plan to revive the debt-laden former phone monopoly. The plan is backed by Italy's government but has sparked dissent from top shareholder Vivendi.
Italian telecoms company TIM approves acquisition offer by KKR investment fund Italian communications company TIM says its board of directors has approved the binding acquisition offer by the KKR investment company. The offer assumes that the closing will occur by summer 2024. The deal faces scrutiny by European Union anti-trust authorities.
Italian telecoms company TIM approves acquisition offer... Italian telecoms company TIM approves acquisition offer by KKR investment fund. The deal faces scrutiny by European Union anti-trust authorities. Italian state TV said the government, under the deal with KKR, would be a significant shareholder.
Telecom Italia gives green light to KKR's grid bid,... The deal is a key plank of TIM CEO Pietro Labriola's plan to revive the debt-laden, junk-rated former phone monopoly. The board started a review of the offer on Friday, convening again on Sunday to deliberate.
Telecom Italia approves KKR's $20 billion grid bid in... TIM board approves sale of its fixed-line network to U.S. private equity firm KKR. It is the first telecoms group in a major European country to part ways with its landline grid. Vivendi, which owns 24% of TIM, has been seeking a higher price and questioned the sustainability of the business left behind.
Telecom Italia reviews KKR's bid as rival plan emerges KKR has made a binding offer for TIM's main network infrastructure. The deal has been endorsed by Prime Minister Giorgia Meloni's administration. Vivendi is seeking a higher price and questioning the sustainability of the remaining service business.
Telecom Italia reviews KKR's bid as rival plan emerges The sale of the grid is the centrepiece of TIM Chief Executive Pietro Labriola's plan to revive the former phone monopoly. KKR's binding bid expires on Nov.8, but that date can be extended until Dec.20 upon a request from TIM.
Sales in alternative revamp for TIM could raise at least 16 billion euros - former exec to paper Sale of Telecom Italia's domestic retail business and its Brazilian unit could raise at least 16 billion euros. Sales are key planks of a revamp plan put forward by Former TIM deputy general manager Stefano Siragusa.
Sales in alternative revamp for TIM could raise at... Sale of TIM's domestic retail business and its Brazilian unit could raise at least 16 billion euros. Sales are key planks of a revamp plan put forward by Former TIM deputy general manager Stefano Siragusa.
Italy sticking with KKR plan for Telecom Italia-gov't... The Italian government signalled on Saturday it was sticking with a proposed deal for Telecom Italia to sell its network grid. KKR has made a binding offer for TIM's main network infrastructure that values it at around 23 billion euros ($24 billion)
Investor, former exec move to challenge TIM's grid sale... London-based investment firm Merlyn Advisors and a former Telecom Italia executive move to challenge the group's plan to sell its landline grid. The challenge comes after U.S. fund KKR tabled a binding offer for TIM's grid that valued it at around 23 billion euros.
KKR offered to take on extra costs, staff to sweeten... U.S. fund KKR has strived to structure its offer for Telecom Italia in a way that would help the phone group more easily sustain its business. As part of a plan backed by Italy's government, KKR this week tabled a multi-billion binding offer for TIM's domestic access network.
Telecom Italia receives KKR bid for landline grid The offer is valid until Nov. 8, with the possibility to extend it further until Dec. 20. KKR has also presented a new non-binding bid for the telecom's group submarine cable unit Sparkle. A deal with KKR is the centrepiece of TIM CEO Pietro Labriola's strategy.
KKR submits bid for Telecom Italia's main fixed network U.S. fund KKR has submitted a binding bid for Telecom Italia's domestic network grid. KKR will need more time to finalise its approach for the group's smaller submarine unit Sparkle. TIM's shares fell as much as 4%, underperforming Italy's blue chip index.
Sign Up
