View all newsletters
Receive our newsletter - data, insights and analysis delivered to you
  1. Technology
December 2, 1997updated 03 Sep 2016 8:44pm

WIND JOINT VENTURE WILL TAKE ON TELECOM ITALIA

By CBR Staff Writer

Wind, the newly named three way joint venture between France Telecom SA, Deutsche Telekom AG, and Italian electricity company Enel SpA (CI No 3,275) has formally announced its plans to take on monopoly operator Telecom Italia SpA in the Italian telecommunications market. The group is planning to take Wind to an initial public offering within three to five years, and are set to invest some $7bn by the year 2007, with the aim of building a national telecommunications network. The three expect Wind to capture up to 20% of the Italian fixed market and 15% of the mobile phone traffic by that time, when revenues should have reached around $6bn. Enel, which owns a 51% stake in Wind, will pay for its share of the capital outlay by paying for the building of a 12,000km optic fiber network around Italy. Around 2,000km are to be completed by year end, and the remainder by 1999. Enel will then lease network capacity back to the Wind venture. Meanwhile, there are still a few hurdles to overcome for Wind. Sprint Corp, the third party in the Global One venture with Deutsche Telekom and France Telecom, still has the option of investing, and Wind still needs to be awarded a mobile phone operating license in Italy. With competition on the Italian market intensifying, it is not clear whether its ambitious targets can be met. Albacom, a joint venture of energy giant ENI SpA, and British Telecommunications Plc, and Infostrada SpA, a joint venture between Ing C Olivetti SpA and Mannesmann AG, are also poised to enter the marketplace.

Content from our partners
Rethinking cloud: challenging assumptions, learning lessons
DTX Manchester welcomes leading tech talent from across the region and beyond
The hidden complexities of deploying AI in your business

Websites in our network
Select and enter your corporate email address Tech Monitor's research, insight and analysis examines the frontiers of digital transformation to help tech leaders navigate the future. Our Changelog newsletter delivers our best work to your inbox every week.
  • CIO
  • CTO
  • CISO
  • CSO
  • CFO
  • CDO
  • CEO
  • Architect Founder
  • MD
  • Director
  • Manager
  • Other
Visit our privacy policy for more information about our services, how Progressive Media Investments may use, process and share your personal data, including information on your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.
THANK YOU