Tim is facing “an industrial transformation with the aim of designing, even with carve outs, an optimal configuration to face the new challenges”, said the CEO by Tim, Luigi Gubitosi, during conference call with analysts on the accounts, speaking of a “leaner and more decentralized company, with a focus on individual businesses”.
Gubitosi took as an example Inwit stating that “we are doing the same with Noovle, where we will bring in investors in the capital with a minority stake and where we will follow similar paths with new carve outs “.
The manager therefore focused on the network, without however going into the details of the choices that will have to be adopted with the other shareholders. “If we’re going to take Tim’s biggest value, that value is the net, we’re going to have to revisit our options“said Gubitosi.
“I think – added the manager – that there is a general trend in the industry towards technical and other separate services. Sometimes it must be remembered that this is an industrial group, we cannot lose economies of scope; Sometimes having a clearer picture allows you to clearly identify the value and cost. This is an exercise that we will start shortly and on which we will focus our efforts “.
“As far as I know, November is the month in which Enel will be out” of Open Fiber, Gubitosi reported, underlining the “excellent relations with Cdp’s management” (which holds 9.81% of Tim). Cdp Equity will be the first shareholder of Open Fiber, with 60%, while Macquaire will have the remaining 40%.
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