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Broadband

Telecom Italia mulling 15,000 job cuts on Enel plan - report

Thursday 7 April 2016 | 10:09 CET | News
Telecom Italia is considering cutting up to 15,000 jobs, equivalent to nearly 30 percent of its workforce, due to increased competition arising from the fibre-optic broadband rollout plans of Italian utility giant Enel, according to unnamed sources cited by Bloomberg. Enel recently confirmed plans to invest a total of EUR 2.5 billion to help bring high-speed broadband to around 7.5 million homes in 224 Italian cities. The sources said Telecom Italia may lose around 5 million wholesale customers as a result, most of them from Vodafone Italia and Wind, with Telecom Italia increasingly

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Categories: Fixed
Companies: Enel / Telecom Italia / Vodafone Italia / Wind
Countries: Italy
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