Nokia Launches Aurelis Optical LAN
Nokia announced the launch of Aurelis Optical LAN, its next-generation fiber-based LAN solution developed to meet the evolving demands of enterprise connectivity.
Telecom Italia received non-binding offers for fixed spin-off Netco from both parties interested in the assets. The company’s board will assess the proposals at a pair of meetings next week.
Following the passing of the deadline for improved offers for Netco on 9 June, the operator confirmed it had offers from the suitors that would undergo a preliminary assessment before being looked over by its board. One proposal came from KKR, with the other submitted by a consortium formed by CDP Equity and Macquarie Infrastructure and Real Assets (Europe). Telecom Italia chiefs deemed previous offers inadequate.
The operator did not provide detail on the content of the new proposals, though Reuters reported KKR had put itself into pole position after raising its offer by up to €2 billion over its original play. Its sources noted the rival submission was largely unchanged from an economic perspective. Last month, Bloomberg claimed the bidding war was almost over, with rumors CDP was pulling its support for the consortium with Macquarie, however given Telecom Italia’s statement it would appear the alliance remains intact.
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