Tim working with the Brazilian Antitrust for study remedies that allow the green light to the operation Oi
Everything is silent in Italy, something is happening in Brazil. The closure of 2021 leaves Tim with a series of open questions that the company will inevitably bring with it in 2022. In the spotlight there is obviously the possible Takeover bid of Kkr, but also the governance with the possible entry of the general manager Pietro Labriola on the board and as if the question weren’t enough Dazn. All this while Brazil continues to represent one of the happy notes for the group.
The data of the Brazilian Ministry of Communications which in the last 12 months has financed the carioca telecommunications sector with 13.5 billion reais (approximately € 2.1 billion). The two major operations he is working on Tim Brasil (the subsidiary of Telecom Italia) are on the one hand the acquisition of asset of Oi’s mobile phone together with Claro And I live and the works for the departure of the 5G technology in the country. Remaining to the former incumbent Oi, according to recent data fromAnatel it is the operator who is suffering the most haemorrhage of customers, both on the fixed and on the mobile.
A trend that according to clauses of the contract could also end up affecting the final price of the asset. Just in view of the operation, according to the Brazilian press Tim together with competitor of the South American country would be working together with the It falls (the Antitrust) for study remedies that allow the go-ahead for the operation, a deal that someone was convinced it could already materialize by the end of 2021.
Labriola should spend the days at the turn of the New Year in Brazil, which has become his first home, given that in addition to the position of general manager of Tim the manager retains his powers as chief executive officer of the carioca subsidiary. Checked that at the moment it is the one that is proportionately bringing the best results for the group, as confirmed by the press release dated December 15 that updated the forecasts for 2021.
The “Labriola question” will be one of those to be resolved as soon as possible in Italy. Who expected that after the release of the former CEO Luigi Gubitosi the manager in charge of Brazil was quickly placed on the board and appointed new ceo he was disappointed and now there are those who read this waiting time as some councilor’s doubt about his appointment.
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