A planned merger between Italy's largest Internet service provider and the publisher of the Yellow Pages telephone directories will create an Internet colossus worth around 100 trillion lire (US$51 billion) and should give a major boost to the development of Internet use in the Mediterranean country, analysts and industry observers said today.
Stories by Philip Willan
Italy, a country notorious for its ponderous and inefficient bureaucracy, is set to become the first European country to introduce a legally binding digital signature next month, when the government is expected to authorize a number of organizations to act as digital keyholders.
A group of Italian companies led by former prime minister and media magnate Silvio Berlusconi's Fininvest SpA is to set up an Internet venture capital fund with more than US$100 million to invest, mainly in information technology projects in the U.S., Fininvest announced today.
When the frescoed ceiling of Assisi's Basilica of St. Francis crashed to the floor two years ago few people would have imagined that the resulting fragments of painted plaster would present information technology with one of its most intriguing challenges.
The Italian telecommunications company Wind SpA and Sweden's Ericsson have announced a strategic agreement for four projects, including one for Internet telephony.
Telecom Italia SpA today announced the launch of a new Internet service that will include the supply of an entry-level PC already configured to operate through the company's Tin.it access provider.
Omnitel Pronto Italia SpA, Europe's second largest mobile phone operator, saw net profits for the first half of its fiscal year rise by 182 percent to 661 billion lire (US$347 million) in 1999, the company announced today.
Revenues were up 83 percent to 3.2 trillion lire, said Omnitel, which offers GSM (Global System for Mobile Communications) service.
Italy's second fixed-line telecommunications operator Infostrada SpA yesterday announced the introduction of a free Internet service.
Olivetti SpA's record-breaking 117 trillion [T] lire ($97.2 billion) hostile takeover bid for Telecom Italia SpA has achieved success, with 51.02 per cent of Telecom Italia shareholders accepting the offer, Olivetti confirmed yesterday.
Italy's stock exchange regulatory authority, Consob, gave the green light to Olivetti's 102 trillion lire ($US58 billion) hostile bid for Telecom Italia on Saturday, a move welcomed yesterday by the Milan stock market, which saw the shares of both companies move ahead strongly in early trading yesterday.