TIM proposes “game-changing” plan to spin off fixed business
TIM proposes plan to spin off fixed business
Telecom Italia (TIM) has presented a provisional plan to spin off its fixed network arm, in a move CEO Amos Genish described as a “game changer”.
Genish made the proposals to Italian Economic Development Minister Carlo Calenda yesterday (7 February), as the Italy-based seeks to dispel government concerns that the move would not ensure equal access by all Italian providers.
Under the proposed plan, exact details of which were not disclosed, the fixed network would become an autonomously governed company, 100 percent owned and controlled by TIM.
Genish’s proposals are subject to approval by TIM’s Board of Directors, which will meet on 6 March.