NEW YORK-In a public offering scheduled for late this month, Italy's Treasury Ministry will sell its remaining 35.7 percent stake in Telecom Italia, the government agency announced Oct. 5.The company's profits for the first seven months of 1997 totaled more than $1 billion, largely...
Bell Atlantic Corp. has increased its ownership in Italian carrier Omnitel Pronto Italia, nullifying Mannesmann AG's agreement with Olivetti SpA to purchase an additional 5.8 percent stake in the operator.Germany-based Mannesmann, which holds a 5.9 percent interest in Omnitel Pronto Italia, announced in November...
Omnitel Pronto Italia, Italy's privately owned GSM operator, said it has filed a lawsuit against state-owned Telecom Italia Mobile for $62.5 million with the court of appeals in Rome.Omnitel said TIM has used a system of exclusive distribution agreements with cellular dealers to sell...
Two companies have increased their ownership in Italy's second Global System for Mobile communications operator, Omnitel Pronto Italia.AirTouch Communications Inc. announced it purchased additional interests in Omnitel from Banca di Roma and two smaller partners, increasing its ownership by 3.8 percent. The company now...
Olivetti SpA is seeking to sell part of its stake in Omnitel Pronto Italia, Italy's privately owned Global System for Mobile communications cellular carrier that is experiencing rapid subscriber growth rates.Omnitel Pronto Italia said Olivetti has been negotiating with Mannesmann AG of Germany to...
Italy plans to issue a tender for a third mobile phone operator this fall, announced the government, which recently passed a bill establishing the guidelines for the tender.A license is expected to be issued by the end of the year to a company or...
Omnitel Pronto Italia, Italy's first private Global System for Mobile communications cellular provider, said it has reached a roaming agreement with government-owned Telecom Italia Mobile SpA and announced three additional pricing plans to help it compete with TIM.Omnitel, a consortium comprised of Italy's computer...
L.M. Ericsson and Telia Mobitel have signed a two-year general purchasing agreement covering delivery and installation of Global System for Mobile communications systems to expand the capacity and radio coverage of Telia Mobitel's digital mobile network in Sweden, Ericsson announced. The agreement includes deliveries...
ROME-The government of Italy has agreed to create a level playing field between the two cellular operators competing in Italy's digital phone market.The European Commission late last year noted it was concerned that the government required Omnitel Pronto Italia to pay about $450 million...
Omnitel Pronto Italia announced it has launched its Global System for Mobile communications cellular network in Italy, competing with government-controlled Telecom Italia Mobile SpA for the first time.In March 1994, the Italian government awarded a contract for its second nationwide cellular license to Omnitel,...
BRUSSELS, Belgium-The European Commission has asked the government of Italy to create a level playing field between two cellular operators competing in Italy's digital phone market. The commission has expressed concern with the licensing procedure in other states as well."In the selection procedures screened...
