Italy suspends Telecom Italia fine as tensions ease

first_img Español Author Telecom Italia bets on long-term renewable energy Home Italy suspends Telecom Italia fine as tensions ease Previous ArticleSamsung set for uninspiring Q2Next ArticleBlockchain research group attracts more operators AddThis Sharing ButtonsShare to LinkedInLinkedInLinkedInShare to TwitterTwitterTwitterShare to FacebookFacebookFacebookShare to MoreAddThisMore 06 JUL 2018 Las grandes operadoras europeas ponen condiciones a las RAN abiertas Chris joined the Mobile World Live team in November 2016 having previously worked at a number of UK media outlets including Trinity Mirror, The Press Association and UK telecoms publication Mobile News. After spending 10 years in journalism, he moved… Read more center_img An Italian court ratified the suspension of a €74.3 million fine imposed on Telecom Italia for failing to declare Vivendi controlled the operator, a further sign of improved relations with authorities following changes at its helm.Reuters reported a review of the issue would take place in May 2019. The fine, imposed in Q1 2018, was suspended last month subject to confirmation from authorities yesterday (5 July).Telecom Italia was slapped with the fine after an investigation into whether largest shareholder Vivendi took effective control of the operator in 2017, when it won a majority of the company’s board and appointed its CEO as chairman. Vivendi lost control of the operator’s board in May 2018.The ownership fine was one of a number of public disagreements between Vivendi-led Telecom Italia and authorities in Italy during 2017, several of which have been resolved – including on spinning-off its fixed network.Vivendi appealEarlier this week, news emerged Vivendi’s appeal on another of its issues with regulators in Italy would be delayed until “after the Summer”.A separate Reuters report revealed the timeline for its hearing on a tussle between regulator Agcom and Vivendi on media ownership, which dates back to April 2017.The authority had told the France-headquarted company to cut its stake in either Telecom Italia or broadcaster Mediaset to meet strict media ownership rules in the country, action Vivendi vowed legal action over but eventually complied with.At the time of the order, Vivendi held a 24 per cent stake in Telecom Italia and almost 29 per cent in Mediaset. To meet the demand it transferred 19 per cent of its Mediaset into a trust fund.Should Vivendi win its appeal it would be free to transfer the whole stake back into its direct ownership. Tags Telecom Italia confident on hitting annual goals Related Chris Donkin Telecom ItaliaVivendilast_img read more

Barneys’ lights still on, but workers left in dark

first_imgEx-Barneys CEO Daniella Vitale (Credit: Getty Images, Google Maps)As Barneys rushes to liquidate its assets, the fate of its employees is uncertain. And they are not happy about it.According to the retailer’s bankruptcy filing, despite $4 million in severance pay obligations, the company only has $2 million available to pay its employees, the New York Times reported. Now, staffers say they have experienced a deterioration in the working conditions at the stores and missed paychecks blamed on a “cyber incident,” according to the newspaper.The New York luxury fashion retailer was recently sold in two parts for $270 million to brand merchandiser Authentic Brands Group and B. Riley.Brick-and-mortar retail has seen a string of store closures and bankruptcies. Barneys, for decades a hallmark of New York’s once-thriving luxury retail scene, filed for bankruptcy in August of last year after a huge rent increase at its flagship store. Daniella Vitale, the company’s chief executive officer, jumped ship soon after to become chief brand officer of jewelry retailer Tiffany & Company, after earning $1.3 million in compensation between August 2018 and July 2019. [NYT] — Georgia Kromrei This content is for subscribers only.Subscribe Nowlast_img read more

The 47 corridor undergoing lane adjustments to promote pedestrian traffic, transit rider use

first_imgThe 47, a corridor shared by Roeland Park, Westwood and the Unified Government of Wyandotte County-Kansas City, Kansas, is undergoing a striping project that will reduce it from a four-lane road to a three-lane road. A lane for bicyclists will also be added. Road work and lane conversion, including a dedicated left turn lane on eastbound 47th Street in Roeland Park, began on Aug. 17 and is expected to last until Sept. 15.Improvements will take place between Rainbow Boulevard and Mission Road, and aside from car and bike lane striping, will include minor signal and signage changes. Operation details for motorists, cyclists, transit riders and pedestrians will be finalized in 2021 prior to the 2022 project, according to the city of Westwood. A Roeland Park Facebook post said at least one traffic lane will remain open each way throughout the process, and pedestrian disruptions are anticipated to be minimal. Businesses and resident access along The 47 will be maintained. Ryan Barrows, vice president of Joe’s Kansas City Bar-B-Que, said he thinks the project is headed in a direction that will be beneficial for the beloved 24-year-old barbecue joint.The project includes a designated left turning lane heading east.“There were some other things that wouldn’t have benefited us, but everybody was receptive to, you know, feedback from the neighborhood,” Barrows said. “I think this is going to be a good thing for us.”Barrows said with more people enjoying the outdoors amid COVID-19, “it is going to be a pretty great thing” to offer ways to safely bike and walk along The 47. The tri-city project intends to show the corridor’s Complete Streets potential, which means it is safely designed for various users including bicyclists and transit riders, according to the U.S. Department of Transportation. The 2020 striping project sets up The 47 for a full road reconstruction in 2022. Businesses and residents will be notified of work near their properties before it starts. More information about the 2020 striping project and 2022 Complete Streets project can be found here.last_img read more