(Finance) – In the near future “important challenges await us.”“, we are convinced that” with the support of all stakeholders we will be able to face them and transform them into concrete opportunities of development and growth. “Thus the president of TIM Salvatore Rossi and CEO Pietro Labriola they address the shareholders in the traditional letter published on the occasion of the annual shareholders’ meeting. In almost a century of history – they underline – the TIM Group has gone through various restructuring and, regardless of the physiognomy that we will assume following the reorganization operation under consideration, “the certainty is that TIM will continue to be a heritage of technologies, professionalism and infrastructures at the service of Italian economic and social development “.
Feasibility of the separation plan by the summer
The feasibility and definition of the separation project envisaged by the plan will take place within the summer – the top managers reiterate -. “At the same time, we will also be able to benefit better from the stimuli for the adoption of ICT technologies envisaged within the PNRR“.
Our reorganization in line with the context
The reasons and logic that guide the reorganization and reorganization project currently under study (as well as our co-investment proposal recently judged to be compliant with European legislation by AGCOM), therefore, do not represent an isolated case but, on the contrary, are inserted within a context that seems to evolve in this direction. Projects for the enhancement of assets or network activities, albeit on a smaller and more detailed scale, in recent years have intensified both in Italy (think of Inwit and more recently FiberCop) and at European and international level, above all thanks to the interest shown by infrastructure funds. Think, for example – explain Rossi and Labriola – of the operation in France with the SFR FTTH project (2018) or in Portugal with Altice Portugal FTTH (2020) or even those in South America of Infraco in Chile (2021), FiBrasil in Brazil (2021), Colombia FiberCo in Colombia (2021). The creation of entities entirely dedicated to the creation of network infrastructures aims to improve the efficiency of the market, making it more solid and sustainable for the benefit of consumers and the entire sector.
Brazil grows: new push from OI and 5G
Brazil remains TIM’s flagship. This is confirmed by the president and CEO of the telephone company. “The approval by the Brazilian authorities of the operation that led TIM Brasil to acquire a significant part of the assets of the Oi group – reads a passage in the letter – will result in a”increase in the customer basewhich in turn will allow us to increase economies of scale and scope “. Further stimulus and growth will come from”launch of 5G and from a further enhancement of the customer base built through dedicated partnerships, which will affect the banking and entertainment sectors “.
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