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Telecom Italia confirms CEO exit 'by mutual consent'

2017-07-25 08:28:00| Telecompaper Headlines

(Telecompaper) Telecom Italia (TIM) has confirmed that its chief executive Flavio Cattaneo will be leaving the company by mutual consent after "the completion of the major and extraordinary turnaround" of the business. It said that since Cattaneo was appointed TIM CEO in March 2016, the company had grown its customers and revenues to levels not reached in the last 10 years, increased its core investments and successfully reorganised internal processes and cut costs. It added that it would now embark on a second phase, "a conventional company relaunch that pursues the targets set by Flavio Cattaneo".

Tags: italia consent ceo exit

 

Telecom Italia CEO to leave following Vivendi clash - report

2017-07-24 08:08:00| Telecompaper Headlines

(Telecompaper) Telecom Italia (TIM) has announced that its board and remuneration committee is set to meet on 24 July to discuss a "mutual termination" agreement for its current chief executive Flavio Cattaneo. The statement follows a Reuters report in which six unnamed sources said Cattaneo was stepping down after clashing with Vivendi, the French company that controls TIM's board via a 23.9 percent stake. The sources added that Vivendi's chief convergence officer Amos Genish is set to be appointed as the Italian operator's managing director, confirming earlier rumours.

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Telecom Italia faces antitrust probe over broadband rollout

2017-07-05 08:36:00| Telecompaper Headlines

(Telecompaper) Italy's antitrust and competition authority, AGCM, has announced the launch of an investigation into possible abuse by Telecom Italia (TIM) in the expansion of its fibre-optic broadband network to underserved and rural areas all over the country. The watchdog said it will probe whether TIM has purposely tried to slow down the process to roll out broadband in so-called digital divide areas by appealing against the tenders launched by the government, actions that "could obstruct the development of infrastructure competition and the entry of new rivals", according to the antitrust body. The AGCM will also look into whether TIM has attempted to pre-emptively lock customers in the areas into long-term contracts by offering anti-competitive commercial offers that cannot be replicated by rival operators.

Tags: italia faces telecom broadband

 

Telecom Italia heads for rural fibre showdown with govt

2017-06-19 02:00:00| Total Telecom industry news

Telecom Italia is pushing ahead with plans to deploy ultrafast broadband in rural areas, setting it on course for a potential showdown with the government. Italy's undersecretary of state for development, Antonello Giacomelli, said in a La Repubblica report on Saturday that the incumbent's rollout plan risks damaging the government's own rural broadband plan…read more on TotalTele.com »

Tags: italia rural heads telecom

 

Telecom Italia hails sustained earnings recovery

2017-02-06 01:00:00| Total Telecom industry news

Telecom Italia on Friday published a set of full-year and fourth quarter financial results that showed ongoing improvement in earnings, in no small part due to a solid performance from its domestic operation. The Italian incumbent said its domestic business unit turned in its best annual results since 2007…read more on TotalTele.com »

Tags: italia recovery telecom earnings

 

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