(Finance) – “With the new organization envisaged by the plan” for the separation of TIM’s assets, “it will be possible to better seize the opportunities offered by the digital transition and at the same time achieve a sustainable capital structure, thanks to an important improvement path financial position which provides for the deconsolidation of the fixed network and any entry of new minority shareholders in TIM Enterprise“.
This was announced by TIM with a press release the day after the Board of Directors which mandated theCEO Pietro Labriola to define the perimeter of the potential separation of the fixed network (netco) from the services (serviceco) to overcome the vertically integrated model and “to carry out any useful activity for the achievement of the strategic objective”.
The plan, which in the morning will be at the center of the Capital Market Day, the meeting with the financial community, provides for the possibility of separating fixed network infrastructure assets (NetCo) from services (ServiceCo with TIM Consumer, TIM Enterprise and TIM Brasil) and illustrates for each entity the market context, the business perimeters and strategic activities, as well as the ways in which they will be able to compete in their respective reference markets in order to generate more value.