logo
  

TIM Management Outlines To Board Its Transformation Plan

TIM said its Board has given a mandate to the CEO, Pietro Labriola, to carry out all activities to achieve the strategic objective of overcoming vertical integration and reducing the company's debt level through the transfer and valorisation of certain Group assets. The management outlined to the Board a transformation plan which outlines the potential separation of fixed network infrastructure assets (NetCo) from services (ServiceCO).

NetCo covers the fixed network, both primary and secondary, as well as domestic and international wholesale businesses. ServiceCo includes TIM Enterprise, TIM Consumer and TIM Brasil.

For comments and feedback contact: editorial@rttnews.com

Business News

Editors Pick
Delta Air Lines is set to resume flights on its routes between the U.S. and Japan from October 30, 2002 in anticipation of easing of COVID-19-related travel restrictions, which were put in place two years ago. The airline joins American Airlines and United Airlines, who have reportedly announced the resumption of flights to Japan. Tech major Apple Inc. has asked corporate employees to return to offices at least three days a week by September 5, Bloomberg reported. The latest deadline was issued following several delays to its previous deadlines amid a resurgence in COVID-19 cases. As per the report, the company will require employees to work from offices on Tuesdays, Thursdays and a regular third day to be determined by... Retail giant Walmart reported Tuesday a net profit for the second quarter that grew 20.4 percent from last year, reflecting lower operating expenses and partially inflation driven revenue growth. The results were also driven by the rebound in international markets. Quarterly revenues topped analysts' expectations. The retailer also raised its adjusted earnings guidance for the full-year 2023.
RELATED NEWS
Follow RTT