Telecom Italy in talks for sale of Alice France

Telecom Italia has entered into exclusive negotiations with Iliad S.A. for the sale of Liberty Surf Group Sas.

Liberty Surf Group is the Internet Service Provider which operates in France principally through the Telecom Italia’s Alice brand.

The operation is dependent upon the necessary approvals and its conclusion is expected to take place by the end of September 2008 on the basis of an Enterprise Value of 800 million euro.

Telecom Italia’s advisors are Calyon and Mediobanca.

Related News:

1. Telecom Italia and apple to bring iPhone to italy on july 11
2. Les Echos articles - Telia Sonera “Non” to France Telecom
3. TELECOM ITALIA CUTS MOBILE AND PC CARD INTERNET ACCESS CHARGES ANYWHERE IN EUROPE BY 50%
4. Telecom Italia Loop Telecom
5. Telekomunikacja Polska signed a preliminary share purchase agreement for the sale of Ditel S.A.