Italian telecom equipment manufacturer Italtel announced its intention to lay off 400 people in its Italian sites.
The management said the company is facing diminishing orders from its top customer Telecom Italia.
Archive for the 'Financial' Category
Vodafone Italia published its half-year results for the six months ended 30 September 2009.
Service revenue increased by 2.3% to € 4,291 m.
Growth in the current quarter slowed slightly in comparison to the previous quarter with positive momentum being maintained despite tougher economic conditions.
Telecom Italia announced its Q3 2009 results.
The following highlights the performance of individual market segments of the domestic operations of Telecom Italia in Q3 2009 as compared to the same period of 2008: Continue reading ‘Telecom Italia Q3 2009 results’
HanseNet, a German retail broadband carrier is being sold by Telecom Italia to Telefonica, one of Telecom Italia’s main shareholders.
The sale price agreed upon by the company’s management results from HanseNet’s enterprise value of € 900 m. Continue reading ‘Hansenet sold to Telefonica by Telecom Italia’
Rome-based ISP provider MC-link and Trento-based ISP provider Alpikom will merge by the end of the year. They are both focused on SMEs customers and they will continue to do so as a merged company.
MC-link took a controlling stake of Alpikom earlier this year and the new merged company will employ over 100 people with estimated revenues of € 28 m.
In the first 9 months of 2009, Fastweb had revenues of € 1,365 m (+10% YoY).
As of September 30th 2009, its customer base reached 1,605,200 (80% consumers – 20% business), an 8% increase compared to December 31th, 2008.
At the same time, its MVNO activities reached 160,00 active SIMs (40% post-paid).
