(ANSA) – MILAN, 07 JUL – To get to the Single Network, if all the pieces are in place, it will take a year and a half. “At the end of October it is the time necessary for the binding documentation, the execution will take about 15-18 months, we will try to shorten this path but it is a complex project and the times are not 100% under our control” explains the director financial report by Tim Adrian Calaza describing the stages of the plan that start from the separation of Netco up to the hypothesized integration with Open Fiber.
The negotiation, after the MoU signed with the CDP and the funds is “an ongoing process – remembers CEO Pietro Labriola -, there are small discussions that do not change the negotiation.
As for the reorganization announced today, “the deconsolidation of Netco will bring up to 11 billion of debt out of the Tim budget”, points out Calaza.
For Tim Enterprise “we have big ambitions with revenues from 3 billion to 5 billion in 2030 with a change in the mix, the cloud will be the largest service with a 50% contribution to revenues,” says Labriola during Tim’s Capital Market Day. (HANDLE).
Source: Ansa
I have been working in the news industry for over 10 years now and I have worked for some of the biggest news websites in the world. My focus has always been on entertainment news, but I also cover a range of other topics. I am currently an author at Global happenings and I love writing about all things pop-culture related.
