Telecom Italia focused on organic growth after network sale
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jun 24 2024
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Source: Yahoo Finance
- Telecom Italia's Focus: Telecom Italia (TIM) CEO Pietro Labriola stated that the company is not seeking a partner for its domestic consumer unit.
- Landmark Sale: TIM is finalizing the sale of its domestic fixed line access network to KKR on July 1, in a deal worth up to 22 billion euros aimed at reducing debt and facilitating restructuring.
- Operational Focus: Labriola emphasized the need for TIM to concentrate on operations in Italy and Brazil before considering mergers and acquisitions.
- Financial Targets: The CEO highlighted the importance of meeting financial targets as a priority for the company.
- No Partner Search: TIM clarified that it is not currently looking for a partner for its Italian consumer unit.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
