Telecom Italia CEO says mobile unit will be aggregating force in Europe
Marco Patuano, the CEO of Telecom Italia (TI) has said that the group's mobile phone unit TIM, will be an aggregating force in Europe, La Repubblica reported. TIM was financially sound with good growth prospects, In an interview with the Italian-language daily, Patuano noted.
Patuano told the paper that this would stop it being a target and instead turn it into an aggregating force for medium-sized European telcos, of which there were around 100.
TI has a market cap of EUR 18.37bn.
La Repubblica