Stock Groups

Factbox-Telecom Italia’s main assets and operations -Breaking

by Mike Robinson

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© Reuters. FILE PHOTO: Telecom Italia new emblem is seen on the headquarter in Rozzano neighbourhood of Milan, Italy, Could 25, 2016. REUTERS/Stefano Rellandini/File Picture

MILAN (Reuters) – U.S. fund KKR has introduced a non-binding proposal to purchase Telecom Italia (MI:), valuing Italy’s former telephone monopolist at 10.8 billion euros ($12 billion) excluding debt.

Telecom Italia, Europe’s sixth largest telecoms group, gives mounted and cell broadband providers to wholesale and retail clients. Here’s a snapshot of its predominant property and operations.

DOMESTIC BUSINESSES

* FIXED NETWORK ASSETS – Telecom Italia’s mounted community stretches from the spine grid to the so-called entry grid throughout Italy. Final 12 months, Telecom Italia carved out its last-mile grid working from avenue cupboards to properties right into a separate unit referred to as FiberCop, promoting a 37.5% stake to KKR.

* MOBILE ASSETS – Telecom Italia and Vodafone (NASDAQ:) collectively management Italy’s greatest cell tower firm, INWIT, which operates 22,000 towers throughout Italy.

* NOOVLE – The group’s cloud firm operates a community of 17 knowledge centres throughout Italy and can construct six new prime tier knowledge centre services beneath a strategic partnership with Google (NASDAQ:).

* TIM VISION – Telecom Italia’s video platform aggregates a number of streaming providers corresponding to sport app DAZN, which secured the rights to display Italy’s prime flight matches in its home market.

* TELSY – The software program unit develops cybersecurity providers and supplies encrypted communications know-how to clients, together with the general public administration.

* OLIVETTI – The group’s digital manufacturing facility focuses on enterprise corresponding to massive knowledge, web of issues and retail funds.

INTERNATIONAL BUSINESSES

* BRAZILIAN OPERATIONS – Brazilian wi-fi provider TIM SA operates 51.6 million cell strains within the nation. Telecom Italia controls the corporate via a 67% stake.

* SPARKLE – The worldwide wholesale telecoms operator, fully owned by Telecom Italia, manages fibre cables that stretch over 500,000 kilometres. Its submarine community transmits data between nations in Europe, the Mediterranean and the Americas.

($1 = 0.8869 euros)

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