Telecom Italia's new chief executive Marco Patuano will unveil a business plan outlining the future of its South American units and a possible corporate restructuring in Italy at a board meeting on 07 November, trade union officials said. Patuano told a meeting with unions that Telecom Italia had put on hold a plan to spin off its fixed-line network because the right regulatory conditions were not in place. Patuano told unions that any corporate restructuring of its domestic operations would be done only if it creates values for the company. The unions said the reorganisation could lead to a breakup of the company, a move which they see as a prelude to possible job cuts, and reiterated their opposition to the network separation plan.
