Tim, the small shareholders opposed to the sale of Tim Brasil
“If you consider the plan presented by Tim on July 7, the sale of the stake in Tim Brasil it is unable to generate the cash needed to reduce debt and to restructure Service Company (SerCo) “. Thus Franco Lombardi, president of Asati – the association that protects the interests of Tim’s small shareholders – explains to Business Italians.it because the proposed Alessio Butti to sell Tim Brasil and allocating the proceeds to Italy would not be sufficient to solve, even partially, the company’s problems. By the way, while today’s capitalization of Tim Brasil is around 5.62 billion euros at current rates, the debt of the former Sip is 17.7 billion as of March 31, 2022. Therefore, there is a risk of depriving oneself of a strategic asset for the company without having particular benefits. “It must also be taken into account – adds Lombardi – that Tim Brasil is one of the components of SerCo. It is therefore lost that, today, this sale is not able to bring advantages for Tim.
Meanwhile, according to what he can report Affaritaliani.it, Tim is expected to present a quarterly report in the coming days with an improvement in the parameters and, above all, with an increase in Ebitda. After the drop in double digits both in the annual report of 2021 and in the first quarter of 2022, now there seems to be a reversal of the trend. All while trying to understand how the match on the single goal will end – which has suffered a significant slowdown, penalizing the title of Tim, who today was black jersey in Piazza Affari on a positive dayto. And then there is always the topic of the maxi-installment of 4 billion that operators will have to pay by September for 5G frequencies.
#Small #shareholders #respond #Butti #sale #Tim #Brasil #useless