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Cabinet undersecretary Alessio Butti will now be in charge of the strategy, according to a decree on Friday seen by Reuters. Butti has been critical of the previous government's plan to cut TIM's 25 billion euro ($26 billion) debt pile by selling its landline grid. The sale is a key plank of CEO Pietro Labriola's strategy to break up and revamp the battered company. The multi-billion euro offer would be part of a broader project to merge TIM's network with smaller rival Open Fiber, which is controlled by CDP. Earlier this month Giorgetti warned that Butti's plans for TIM needs to be extensively discussed within the government.

☆ Italy PM empowers top aide Butti to oversee fast-broadband strategy - draft
▼ + stars: | 2022-11-25 | by ( ) www.reuters.com time to read: +1 min

MILAN, Nov 25 (Reuters) - Italian Prime Minister Giorgia Meloni has given cabinet undersecretary Alessio Butti powers to oversee Rome's strategic policies to develop ultra-fast broadband networks, a government decree seen by Reuters showed on Friday. The multi-billion euro offer would be part of a broader plan to merge TIM's network with smaller rival Open Fiber, which is controlled by CDP. Butti criticised such a plan and called on CDP to take control of TIM as a way to pursue the goal of combining the former phone monopoly network assets with those of Open Fiber. TIM's top investor is French media company Vivendi (VIV.PA) with a 24% stake and the second largest is CDP with a 10% stake. Reporting by Elvira Pollina and Giuseppe Fonte; Editing by Lisa ShumakerOur Standards: The Thomson Reuters Trust Principles.

☆ Exclusive: Vivendi-Lagardere deal faces full-scale EU antitrust probe - sources
▼ + stars: | 2022-11-22 | by ( Foo Yun Chee | ) www.reuters.com time to read: +1 min

BRUSSELS, Nov 22 (Reuters) - Media group Vivendi's (VIV.PA) proposed acquisition of rival Lagardere is likely to face a full-scale EU antitrust investigation, people close to the matter said on Tuesday. The proposed deal would combine France's two biggest publishing groups, Lagardere's Hachette and Vivendi's Editis, and has come in for criticism from rivals including renowned peer Gallimard. The European Commission is expected to launch an in-depth investigation after finishing its preliminary review of the deal on Nov. 30, the sources said. The EU competition enforcer and Vivendi declined to comment. The mass media holding company already owns 57% of Lagardere after a bid for all of the group's shares.

☆ Italy govt officials to discuss plans for Telecom Italia on Tuesday
▼ + stars: | 2022-11-22 | by ( ) www.reuters.com time to read: +2 min

ROME, Nov 22 (Reuters) - Government officials will discuss plans for Telecom Italia (TIM) (TLIT.MI) later on Tuesday, Italy's economy minister said, responding to a question about the former phone monopoly's landline grid. Giorgetti was asked whether the new right-wing government backed Italian state lender CDP's plans to submit an offer for TIM's landline grid by the end of the month. CDP's multi-billion euro preliminary offer for TIM's landline grid is part of a plan to combine it with its broadband unit Open Fiber. The long awaited offer is expected to value TIM's landline grid and submarine cable unit Sparkle at between 15 and 18 billion euros including some 12 billion euros in debt, sources have previously said. Negotiations have been complicated by divergences on valuation, with TIM's top investor, French media conglomerate Vivendi (VIV.PA) demanding 31 billion euros to back a sale.

☆ Vivendi representative Frank Cadoret resigns from Telecom Italia's board
▼ + stars: | 2022-11-16 | by ( ) www.reuters.com time to read: +1 min

[1/2] Telecom Italia (TIM) logo is seen displayed in this illustration taken, May 3, 2022. REUTERS/Dado Ruvic/IllustrationROME, Nov 16 (Reuters) - Telecom Italia (TLIT.MI) (TIM) said on Wednesday that Frank Cadoret, one of two board members representing top investor Vivendi (VIV.PA), resigned from the post. Vivendi has clashed with Rossi, a former Bank of Italy official, over corporate governance issues on a number of occasions. The other Vivendi representative on TIM's board is the French media conglomerate's chief executive, Arnaud de Puyfontaine. Reporting by Alvise Armellini and Elvira Pollina, editing by Gianluca Semeraro and Tomasz JanowskiOur Standards: The Thomson Reuters Trust Principles.

☆ Telecom Italia profit falls, net debt rises
▼ + stars: | 2022-11-09 | by ( Elvira Pollina | ) www.reuters.com time to read: +2 min

Italy's biggest phone company on Wednesday said earnings after interest, tax, depreciation, amortisation and lease (EBITDA-AL) were 1.31 billion euros in July-September. That is in line with an analyst consensus provided by the company and down from 1.48 billion euros a year ago. Revenue in Italy, where the former phone monopoly makes the bulk of its turnover, fell by 5.3% to 2.92 billion euros, also matching expectations. As a consequence, it wrote off deferred tax assets for a net 1.96 billion euros. Adjusted net debt was up 15% year-on-year to 25.5 billion euros at the end of September.

☆ European shares gain ground on boost from travel stocks
▼ + stars: | 2022-11-07 | by ( Shreyashi Sanyal | ) www.reuters.com time to read: +3 min

REUTERS/StaffSummarySummary Companies Flutter, Ryanair lead travel stocks higherTravel & leisure index hits near 3-month highsChina-exposed luxury companies declineIrish stocks rallyNov 7 (Reuters) - European shares rose on Monday, reversing declines from the opening bell, as a jump in travel stocks helped outweigh a drag from China-exposed luxury giants. The benchmark STOXX 600 index (.STOXX) added 0.6% by 0929 GMT, extending gains after its fourth straight weekly rise. Flutter Entertainment Plc rose 4.5%, boosting European travel & leisure stocks (.SXTP) by 2.3% and helping it touch a near three-month high. European luxury stocks, including LVMH (LVMH.PA), Pernod Ricard (PERP.PA) and Hermes International (HRMS.PA), dipped between 0.1% and 0.4%. Dutch fertiliser maker OCI (OCI.AS) fell 3.7% to the bottom of the STOXX 600 after J.P. Morgan cut its rating on the stock on softer quarterly outlook.

☆ TIM top investor Vivendi keen to discuss network plan with government, sources say
▼ + stars: | 2022-11-06 | by ( ) www.reuters.com time to read: +2 min

MILAN, Nov 6 (Reuters) - Telecom Italia's (TIM) (TLIT.MI) top investor Vivendi (VIV.PA) is keen to start talks with Italy's new right-wing government on a new plan to create a national broadband company, people close to the French media conglomerate said on Sunday. The potential sale was part of a plan sponsored by the previous government to combine TIM's fixed network assets with those of smaller broadband operator Open Fiber in order to create a national network champion under CDP control. However, regulatory and valuations issues have thwarted efforts so far and the project to create a single network company is now being reassessed by the new government, which was sworn in last month. Butti had previously called on CDP to pursue the single network project taking over TIM, under a plan dubbed "Minerva". Under the plan, TIM would retain the network while hiving off its services operations and its Brazil-listed unit to cut its debt pile.

☆ Factbox: Advertisers react to Twitter's new ownership
▼ + stars: | 2022-11-03 | by ( ) www.reuters.com time to read: +1 min

Nov 3 (Reuters) - Advertisers are grappling with Twitter's new ownership under Tesla boss Elon Musk, who once tweeted "I hate advertising". General Motors Co (GM.N)The largest U.S. automaker temporarily paused paid advertising on Twitter after Musk completed his takeover of the social media company. The Detroit automaker said it was "engaging with Twitter to understand the direction of the platform under their new ownership." The Interpublic Group of Companies Inc (IPG.N)The global advertising and marketing services firm recommended that its clients temporarily pause their advertisements on Twitter, The Wall Street Journal reported. Compiled by Alberto Chiumento, Philipp Krach and Antonis Pothitos; Editing by Bernadette BaumOur Standards: The Thomson Reuters Trust Principles.

Labriola met Meloni's chief of staff Gaetano Caputi at the prime minister's office in Rome, the sources said, without providing further details. Under the potential deal, CDP, which owns a 10% stake in TIM, would merge TIM's infrastructure with that of smaller rival Open Fiber to create a national network champion under its control. Butti's appointment as cabinet undersecretary has sparked speculation over a potential bid, pushing TIM's shares to a two-month high on Wednesday. TIM's board is also expected to kick-off the process to select a minority partner for its enterprise service arm. It could use these to stop any deal for TIM's assets.

☆ European shares drop as inflation, slowdown fears grip markets
▼ + stars: | 2022-10-21 | by ( ) www.reuters.com time to read: +2 min

Oct 21 (Reuters) - European shares dropped on Friday, triggered by fears that major central banks would retain their aggressive rate-hike stance to rein in prices, while investors digested mixed earnings reports that did little to ease concerns of an economic slowdown. read moreRenault (RENA.PA) confirmed its full-year outlook and posted a rise in quarterly sales. Still, shares of the French carmaker were down 2.3%, with its executive flagging raw material supply concerns. All sectoral indexes were in red, led by retail stocks (.SXRP), which dropped 3%. read moreRegister now for FREE unlimited access to Reuters.com RegisterReporting by Amruta Khandekar in Bengaluru; Editing by Sherry Jacob-PhillipsOur Standards: The Thomson Reuters Trust Principles.

Under the plan, Vivendi's top investor Vincent Bollore would sell all Editis shares he would receive after the transaction, which would consist of a simultaneous distribution of the publishing unit's shares to Vivendi shareholders and its listing. Vivendi wants to sell Editis to secure the takeover of French media group Lagardere. Vivendi's sales totaled 2.58 billion euros ($2.54 billion) in the third quarter, against 2.48 billion euros in the same quarter last year. Vivendi added however that growth at Havas was offset by a slowdown in its pay-TV unit Canal+. Canal+ revenues in the quarter dropped 4.9% at constant currencies and like-for-like, to 1.42 billion euros.

☆ Revived takeover talk boosts Italy's TIM as network deal stalls
▼ + stars: | 2022-10-18 | by ( Elvira Pollina | ) www.reuters.com time to read: +3 min

TIM shares, which last week plumbed an-all time low of 0.1687 euros, rose as much as 10% to 0.1947 euros, with Milan-based traders citing the speculative appeal of a potential bid. TIM this year turned its back on a 0.505 euro non-binding approach by U.S. fund KKR (KKR.N). Separates sources familiar with the matter told Reuters Vivendi also has some reservations about continuing talks with CDP on the network sale on an exclusive basis. The Brothers of Italy party, which leads the right-wing bloc that won the Sept. 25 election, backs the creation of a unified network champion. Register now for FREE unlimited access to Reuters.com RegisterReporting by Elvira Pollina Editing by Keith WeirOur Standards: The Thomson Reuters Trust Principles.

☆ TIM board has not decided over request to extend deadline for network deal-source
▼ + stars: | 2022-10-14 | by ( ) www.reuters.com time to read: 1 min

MILAN, Oct 14 (Reuters) - A board meeting of Telecom Italia (TIM) did not take any decision on Friday over a request by state-lender CDP and its partners to extend a deadline to clinch a deal over the Italian phone group's network, a source close to the matter said. CDP, infrastructure fund Macquarie and Open Fiber have asked for more time to negotiate a deal to buy TIM's network assets, pushing back an initial deadline for a binding agreement set at the end of this month. The representatives of TIM's top shareholder Vivendi (VIV.PA) were not able to attend the meeting, a person close to the French group said earlier on Friday. Register now for FREE unlimited access to Reuters.com RegisterReporting by Elvira Pollina, writing by Giulio Piovaccari, editing by Gianluca SemeraroOur Standards: The Thomson Reuters Trust Principles.

☆ TIM plunges to hit record lows after latest delay to network deal
▼ + stars: | 2022-10-11 | by ( ) www.reuters.com time to read: +3 min

Under a preliminary agreement sealed in May and sponsored by Italy's outgoing government, state lender CDP and TIM had aimed for a binding deal by the end of October but that deadline will now slip. read moreCDP's approach is part of a long-held plan to combine TIM's fixed network assets with those of state-backed rival Open Fiber to create a single national network operator under CDP control. TIM shares fell as much as 3.5% to hit a record low at 0.1743 euros. Divergences on valuations have complicated negotiations, with TIM's top investor Vivendi (VIV.PA) seeking 31 billion euros, some 10-15 billion above CDP's valuation, sources have said. The approach valued the venture at 6 billion euros, a price tag deemed inadequate by TIM, sources had previously said.

☆ Parties bidding for TIM's grid want more time for talks
▼ + stars: | 2022-10-10 | by ( ) www.reuters.com time to read: +2 min

Italy's state lender CDP is readying a preliminary offer for TIM's landline grid as it pursues plans to create a single broadband company with smaller rival Open Fiber, in which it is the largest shareholder. Macquarie (MAQ.AX), which has a minority stake in Open Fiber, is also expected to join the bid. Valuation issues have also been a stumbling block in negotiations between TIM and CDP. TIM's top investor Vivendi (VIV.PA) is looking for a valuation of 31 billion euros ($30.06 billion) to back a sale of the grid with the prospect of a merger with Open Fiber, a source familiar with the French media group had said. CDP values Telecom Italia's landline grid in the region of 20 billion euros including debt, sources had previously said.

☆ Italian state lender CDP readies offer for TIM's network after national vote
▼ + stars: | 2022-09-27 | by ( ) www.reuters.com time to read: +2 min

Telecom Italia (TIM) logo is seen displayed in this illustration taken, May 3, 2022. REUTERS/Dado Ruvic/IllustrationMILAN, Sept 27 (Reuters) - Italian state lender CDP is readying a preliminary offer for Telecom Italia's landline grid, it said on Tuesday, as it presses ahead with plans to create a single broadband company with Open Fiber after a general election on Sunday. CDP is now expected to submit a non-binding offer in the first half of October, two sources familiar with the matter said, cautioning deliberations are ongoing. Register now for FREE unlimited access to Reuters.com RegisterTIM (TLIT.MI) and CDP reached a preliminary agreement in May aimed at creating a unified broadband champion merging TIM's assets with those of Open Fiber under CDP control. Under the preliminary agreement sealed in May, CDP and TIM aimed for a binding deal by the end of October.

BERLIN/FRANKFURT, Sept 22 (Reuters) - Initial offers for RTL's 48% stake in French TV channel M6 are expected by Friday after a failed tie-up with France's TF1 broadcaster, a person familiar with the matter said. RTL has been "inundated" with expressions of interest in the M6 stake since TF1 and M6 called off their planned merger last week, its boss Thomas Rabe told the Financial Times on Thursday. Other potential buyers include French media group Vivendi (VIV.PA) and Altice, owned by billionaire Patrick Drahi, alongside Italian media conglomerate MediaForEurope (MFE), Reuters reported on Monday. If RTL wants to sell M6, a deal must be completed by spring 2023, because M6's broadcasting license comes up for renewal in May. In March 2021, when Bertelsmann confirmed talks to sell its stake, French media reported the RTL's stake was worth 1.5 billion euros ($1.48 billion), valuing all of M6 at around 3 billion euros.

PARIS/MILAN, Sept 19 (Reuters) - The collapse of a deal to form a French TV giant to challenge U.S. streaming services such as Netflix (NFLX.O) knocked shares in M6 Group (MMTP.PA) and TF1 (TFFP.PA) on Monday. France's two biggest private broadcasters gave up their merger plan on Friday citing French antitrust requirements that rendered the deal unworkable. read moreRegister now for FREE unlimited access to Reuters.com Register"It is extremely disappointing, it shows the incapacity in France of pushing a unifying project to create a French media champion," said Mikael Jacoby, head of continental trading at Oddo Securities. At 1424 GMT, TF1 shares were down 3.3% and shares in M6 were 3% lower. "Hedge funds don't want exposure to the advertising sector, people are very worried about next year," a merger arbitrage analyst said.

☆ VIDEO: Un nou remix marca NOISEBASS. Vezi cum sună ”By Now”
▼ + stars: | 2020-11-13 | by ( Redacția Regional | Pentru Că Știrile Contează | ) regional.md time to read: 1 min

Tinerii DJ din Republica Moldova au lansat un nou remix pentru piesa ”By Now” de Jay Pryor. Băieții au abordat un stil deosebit pentru Republica Moldova, cu elemente progressive house, încercând să ofere diversitate și autenticitate pieței muzicale autohtone. NOISEBASS este un proiect cu și despre muzica house, din Moldova, format din John și Alex. Băieților le place să abordeze diverse stiluri de muzică house, de la deep, bass, future la progressive house. John, inițiatorul NOISEBASS, a început să producă la vârsta de 14 ani, când și-a descoperit dragostea pentru muzică.

Persons: Jay Pryor, John, Alex Locations: Republica Moldova, NOISEBASS, Moldova

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