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Telecom Italia considering spin-off and IPO of data centres - report

Wednesday 9 October 2019 | 08:58 CET | News
Telecom Italia (TIM) is mulling a possible spin-off and listing of its data centre business, according to an unnamed source cited by Reuters that confirmed an earlier report from Bloomberg. The intention is to put the business into a separate unit before launching an initial public offering at some point next year, said the report, adding that the move could value the business around EUR 1 billion.

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Categories: Fixed
Companies: Telecom Italia / TIM
Countries: Italy
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