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Telecom Italia to hire advisers on network spin off - report

Friday 24 November 2017 | 08:48 CET | News
Telecom Italia (TIM) is planning to hire advisers to evaluate a possible separation of its fixed copper network, according to unnamed sources cited by Bloomberg. Under the plans, TIM would retain control of the grid but sell a minority stake to raise cash to reduce its debt, said the sources, adding that the operator's CEO Amos Genish informed Italy's industry minister Carlo Calenda of the hiring of two advisers during a meeting in Rome earlier this week. Italian daily La Stampa subsequently reported that TIM may discuss the possible spin-off at a board meeting scheduled for 05 December.

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