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Telecom Italia mulling 15,000 job cuts on Enel plan - report
2016-04-07 10:09:00| Telecompaper Headlines
(Telecompaper) Telecom Italia is considering cutting up to 15,000 jobs, equivalent to nearly 30 percent of its workforce, due to increased competition arising from the fibre-optic broadband rollout plans of Italian utility giant Enel, according to unnamed sources cited by Bloomberg. Enel recently confirmed plans to invest a total of EUR 2.5 billion to help bring high-speed broadband to around 7.5 million homes in 224 Italian cities. The sources said Telecom Italia may lose around 5 million wholesale customers as a result, most of them from Vodafone Italia and Wind, with Telecom Italia increasingly frustrated by a plan it considers to be unfair competition. Vodafone Italia and Wind are expected to reach a strategic and commercial partnership with Enel to develop the broadband network across Italy.
Telecom Italia plans massive job cuts in wake of Enel network project
2016-04-07 02:00:00| Total Telecom industry news
Italian telco will reportedly cut 15,000 positions, or close to 30% of its workforce, sources say.
Tags: project
network
job
plans
Telecom Italia bows to regulatory pressure, pulls TIM Prime
2016-04-06 02:00:00| Total Telecom industry news
Italian telco to hold talks with competition body after regulator ruled its new tariff violated electronic communications code.
Tags: italia
pressure
prime
tim
Telecom Italia SpA (TI) Receives "Equal Weight" Rating from Barclays
2016-04-04 02:33:25| Telecom - Topix.net
's stock had its "equal weight" rating reissued by investment analysts at Barclays in a research note issued to investors on Monday, StockTargetPrices.com reports. Several other equities research analysts have also issued reports on the stock.
Tags: rating
weight
italia
equal
Cattaneo appointed new Telecom Italia CEO
2016-03-30 16:17:00| Telecompaper Headlines
(Telecompaper) Telecom Italia (TIM) has announced that its new CEO will be Flavio Cattaneo, currently chief executive of Rome-based high-speed train operator Nuovo Trasporto Viaggiatori (NTV) and former head of public broadcaster RAI. Cattaneo, who already sits on Telecom Italia's board and was considered the leading contender for the position, will replace Marco Patuano, who resigned last week following clashes with top shareholder Vivendi on strategy, including over whether to sell the company's unit in Brazil or forge a stronger alliance with Silvio Berlusconi's Mediaset. The new CEO has been tasked with the overall governance of the company and the group, including the responsibility to define, propose and implement the strategic, industrial and financial plans, as well as the responsibilities for managing and developing the business in Italy and South America.
Tags: italia
ceo
telecom
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