BN 05/08 11:07 *TEL ITALIA CEO SAYS TOWERS INDUSTRY CONSOLIDATION JUST BEGINS
Telecom Italia CEO Sees Towers Industry Consolidation Starting
2015-05-08 11:50:41.299 GMT
By Daniele Lepido and Kasper Viita
(Bloomberg) -- Telecom Italia will be “key player” for
tower assets’ consolidation in Italy, CEO Marco Patuano says on
conference call.
* CFO Piergiorgio Peluso says co. may conclude towers IPO
during summer, expects regulator approval this month.
* Says co. will consider selling as much as 40% stake in
towers unit
* CEO says co. aimed to gradually take full ownership of
Metroweb, talks didn’t go in the direction hoped
* Says savings shares are outdated tools
* NOTE: Telecom Italia said to seek ~EU730m in towers unit
IPO, Spain’s Cellnex jumped in trading debut after EU3.24b
IPO this week
For Related News and Information:
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To contact the reporters on this story:
Daniele Lepido in Milan at +39-02-8064-4266 or
dlepido1@bloomberg.net;
Kasper Viita in London at +44-203-525-9219 or
kviita1@bloomberg.net
To contact the editor responsible for this story:
James Ludden at +44-20-3525-2645 or
jludden@bloomberg.net
2015-05-08 11:50:41.299 GMT
By Daniele Lepido and Kasper Viita
(Bloomberg) -- Telecom Italia will be “key player” for
tower assets’ consolidation in Italy, CEO Marco Patuano says on
conference call.
* CFO Piergiorgio Peluso says co. may conclude towers IPO
during summer, expects regulator approval this month.
* Says co. will consider selling as much as 40% stake in
towers unit
* CEO says co. aimed to gradually take full ownership of
Metroweb, talks didn’t go in the direction hoped
* Says savings shares are outdated tools
* NOTE: Telecom Italia said to seek ~EU730m in towers unit
IPO, Spain’s Cellnex jumped in trading debut after EU3.24b
IPO this week
For Related News and Information:
First Word scrolling panel: FIRST<GO>
First Word newswire: NH BFW<GO>
To contact the reporters on this story:
Daniele Lepido in Milan at +39-02-8064-4266 or
dlepido1@bloomberg.net;
Kasper Viita in London at +44-203-525-9219 or
kviita1@bloomberg.net
To contact the editor responsible for this story:
James Ludden at +44-20-3525-2645 or
jludden@bloomberg.net