Telecom Italia likely to present new industrial plan in February; may be delayed if bid made for Oi
Telecom Italia (TI) is preparing a new industrial plan that should be presented in February 2015, Italian-language daily Il Messaggero reported.
The article cited CEO Marco Patuano who noted that while TI is now a public company, previous industrial plans had reflected that it had been under the control of a leading shareholder, such as shareholder vehicle Telco.
Patuano further noted that the management was not satisfied with TI's present position and it was necessary to convince the markets with the new plan, the article noted.
The report said that the new plan did not envisage any acquisitions or divestments and had, therefore, not taken into account a possible merger between Tim Brasil, TI's Brazilian subsidiary, and Brazilian fixed-line telco Oi. The item noted that if TI were to go ahead with the Oi operation the industrial plan would be delayed.
Patuano added that there was no rush to make a decision on the Oi dossier and TI was being cautious on the matter, the article said.
Il Messaggero