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General

Telecom Italia board ready to discuss Brazil - report

Wednesday 12 November 2014 | 11:23 CET | News
Telecom Italia's board is preparing to meet next week to discuss its future strategy in Brazil, according to two unnamed sources cited by Reuters. The company is looking to sell off the mobile phone towers of its Brazilian unit, TIM Brasil, by the end of the year and one of the sources indicated that negotiations were in the final stages, with American Tower currently the frontrunner. The sale of towers in Brazil was one of the cost-cutting measures announced by Telecom Italia CEO Marco Patuano at the end of 2013 as part of a wide-ranging plan to bring down the company's EUR 28 billion

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Categories: General
Companies: Oi / Telecom Italia / TIM Brasil
Countries: Brazil / Italy
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