Telecom Italia SpA delayed a crucial verdict over a proposed spinoff of its fixed-line network that will help decide whether the country’s biggest phone company can have a new source of funding to pare debt.
Telecom Italia SpA, the carrier that is preparing a spinoff of its fixed-line assets, forecasts profit that could value the network at about 14 billion euros ($18 billion), based on internal documents seen by Bloomberg.
Vodafone Group Plc plans to retain a a 2.1 billion-pound ($3.19 billion) dividend from U.S. venture Verizon Wireless rather than returning it to shareholders as it reported the first full-year revenue decline since 2005.
Kabel Deutschland Holding AG, Germany’s largest cable operator, fell the most since February after Vodafone Group Plc struck a deal to gain access to fast Internet lines, reducing its need to purchase cable assets.
Verizon Wireless, the mobile-phone joint venture of Verizon Communications Inc. and Vodafone Group Plc, plans to pay a $7 billion dividend to its co-owners, defusing a source of tension between the two companies.
BT Group Plc, the U.K.’s largest fixed-line company, reported fourth-quarter profit that beat analysts’ estimates after adding high-speed Internet service customers. The shares jumped to the highest level since 2007.