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General

TI to invest EUR 60 mln in Olivetti relaunch - report

Tuesday 19 May 2015 | 11:10 CET | News
Telecom Italia has set aside EUR 60 million to relaunch its Olivetti ICT services subsidiary, according to a report in La Stampa. The investment will serve in part to improve the unit's financial position and fund early and voluntary retirements under the "New Olivetti" restructuring project. Telecom Italia recently announced plans to merge Olivetti with TI Digital Solutions (TIDS) to create a single entity to oversee innovation in digital technology, above all digital apps and business-focused cloud services. The company's "New Olivetti" project will start out with 430 workers, around 230 of

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Categories: General
Companies: Olivetti / Telecom Italia
Countries: Italy
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