Brazil’s mobile-phone companies are getting a chance this year to add much-needed capacity with few strings attached, bidding in a government auction of 700- megahertz airwaves that may cost more than $3 billion.
Telecom Italia SpA, which has had seven years of falling sales in its home market, is considering buying a stake in network owner Metroweb Italia to boost its broadband service, three people familiar with the matter said.
Hellas Telecommunications (Luxembourg) II SCA’s liquidators sued TPG Capital Management LP and Apax Partners LLP for more than $1.3 billion, saying the private-equity firms left the wireless company insolvent.
Assicurazioni Generali SpA, the insurer that is part of the investor group that owns 22.4 percent of Telecom Italia SpA, plans to exit its holding as early as June, Chief Executive Officer Mario Greco said.
Telecom Italia SpA agreed to let shareholders vote on its next chairman, giving in to demands by Marco Fossati for greater investor participation in corporate governance decisions at the nation’s biggest carrier.