Apr 08, 2022 | Posted by Abdul-Rahman Oladimeji | TIM Group
Telecom Italia (TIM) has refused KKR access to its accounts in line with the latter’s due diligence request for a potential takeover. In November 2021, Telecom Italia was approached by KKR with a non-binding offer worth €10.8 billion ($11.8 billion). However, talks only started last month. Acc...
Apr 01, 2022 | Posted by Abdul-Rahman Oladimeji | TIM Group
CVC Capital Partners is looking to acquire a substantial stake in TIM’s data center unit. The company has offered to buy TIM’s SpA’s new enterprise services unit. Telecom Italia is currently setting up the unit. It will be part of its SerbCo division which will include the Noovle data center b...
Nov 24, 2021 | Posted by Abdul-Rahman Oladimeji | TIM Group
United States hedge fund KKR has offered to acquire Italian telco TIM/Telecom Italia for $12 billion. TIM revealed that its board of directors met this week to discuss the interest of KKR to take its company private. However, there’s no assurance or indication whether TIM’s board will accept K...
Nov 04, 2021 | Posted by Abdul-Rahman Oladimeji | TIM Group
According to Reuters, Italian telco TIM is mulling over reorganization and selling off its stake in Noovle Cloud and data center unit. The potential decision is based on the company’s financial struggles. TIM has been struggling with shrinking margins and revenue, price competition, and costs ...
Oct 08, 2021 | Posted by Abdul-Rahman Oladimeji | TIM Group
TIM (Telecom Italia), Oracle, and Noovle, TIM Group’s cloud company, have announced that they have signed a partnership agreement. The agreement will see the companies offer multi-cloud services for public sector organizations and enterprises in Italy. TIM Group says it would help advance Ital...
Jun 03, 2021 | Posted by Bob Tester | TIM Group
TIM Brasil and Faro Energy just announced that they had signed a renewable energy deal. The deal will see Faro Energy supply TIM Brasil with five solar power plants for its network infrastructure before 2021 runs out. Faro will be responsible for investing, constructing, operating, and mainta...
May 17, 2021 | Posted by Bob Tester | TIM Group
TIM, an Italian Telco, has announced its new ten-year deal with ERG. The deal will see ERG provide TIM with 3.4 Terawatt hours of green energy across the country through its wind farms. The deal is expected to start next year, and it would see 20% of TIM’s total energy usage come from renewab...