Last $10.84 USD
Change Today -0.02 / -0.18%
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As of 5:15 PM 12/24/14 All times are local (Market data is delayed by at least 15 minutes).

telecom italia spa-spon adr (TI) Key Developments

Telecom Italia Announces Board Changes

Telecom Italia announced that an Operations department, to be headed by Giuseppe Roberto Opilio - reporting directly to Chief Executive Officer Marco Patuano - has been created 22 December 2014, with the aim of guaranteeing optimal management - with a view to integration - of technological and operations processes. The Caring Services division, headed by Paolo Tazzioli, and the Chief Information Office function, renamed Information Technology and headed by Gianluca Pancaccini as Chief Information Officer, are reassigned to the Operations department. The Operations department will therefore ensure oversight of the following organisational areas: Open Access, Caring Services, Network, Engineering & TILab, Information Technology, Planning & Operations Evolutions, Global Advisory Services and Tower. Moreover, from the same date, Stefano Ciurli will be managing the National Wholesale Services department of Telecom Italia while Alessandro Talotta has been appointed Chief Executive Officer of Telecom Italia Sparkle S.p.A. in place of Elisabetta Ripa who will take a new role inside the Telecom Italia Group.

Telecom Italia Inks Draft Agreement with Trade Unions

Telecom Italia has entered into a draft agreement with trade unions to restructure the company's Caring Services division that handles customer care activities. The document inked with the trade unions Slc Cgil, Fistel Cisl, Uilcom Uil and Ugl Telecomunicazioni follows over seven months of negotiations including all the issues of the customer services sector that has been badly hit by the ongoing Italian recession. Under the agreement, Telecom Italia has shelved the project to spin off the Caring Division covered in the agreement inked with trade unions in 2013, and will maintain operations at 41 of the 52 regional offices slated for closure. Moreover, the company has even committed to unveil a new 'Skills Cloud' model, which will enable the skills and individual capacities of workers to be recorded, and the routing of customer requests to the operator with the most experience and knowledge of each issue.

TI Seeks To Acquire Metroweb

Telecom Italia S.p.A. (BIT:TIT) has expressed an interest to acquire all or part of Metroweb S.p.A.

Investors Reportedly Negotiate Deal To Buy TIM

Telefónica, S.A. (CATS:TEF), Oi SA (BOVESPA:OIBR4) and America Movil S.A.B. de C.V. (BMV:AMX L) are discussing how to buy and split up TIM Participacoes S.A. (BOVESPA:TIMP3), Reuters reported citing a source with knowledge of the situation. No bid price has been set, although the consortium is believed to bid $15 billion for TIM Participacoes S.A. Telefónica, S.A. (CATS:TEF), Oi SA (BOVESPA:OIBR4) and America Movil S.A.B. de C.V. (BMV:AMX L) declined to comment immediately on the report. Telecom Italia S.p.A. (BIT:TIT), which owns 67% of TIM Participacoes S.A., and BTG Pactual Group (BOVESPA:BBTG11), which is acting on Oi SA's behalf on the deal, also declined to comment.

Hewlett-Packard Company and Telecom Italia S.P.A. Announce Cloud Transformation Partnership

Hewlett-Packard Company, or HP, and Telecom Italia have announced a commercial agreement to offer integrated cloud transformation services for enterprises and the government sector in Italy. Under the agreement, customers will be able to leverage the assets of both HP and Telecom Italia for end-to-end management of their cloud transformation, from initial assessment and definition of business case to transformation of IT, applications and business processes. Advanced technologies and hybrid cloud infrastructure will provide Italian customers with secure access to platforms and applications on a private cloud or as-a-service basis.

 

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