Thursday, 27 January 2022

Is a partial sale of Noovle the answer to TIM’s financial woes?

by Harry Baldock, Total Telecom
Tuesday 09 November 21

In a recent analyst call, TIM Group CEO, Luigi Gubitosi, said that a minority stake in the company’s computing unit Noovle could be up for grabs in 2022

Last week saw TIM once again lower its guidance for the second time straight, as a difficult financial year continues for the Italian giant. Facing increasing domestic competition from rivals and the huge costs of large-scale deployments of 5G and fibre, the company is languishing under €22 billion in net debt and shares have slumped to a one year low.   Speaking about the high level of market competition in the company’s earnings call, CEO Luigi Gubitosi said that it was high time customers should pay more for quality connectivity…

Last week saw TIM once again lower its guidance for the second time straight, as a difficult financial year continues for the Italian giant. Facing increasing domestic competition from rivals and the huge costs of large-scale deployments of 5G and fibre, the company is languishing under €22 billion in net debt and shares have slumped to a one year low.   Speaking about the high level of market competition in the company’s earnings call, CEO Luigi Gubitosi said that it was high time customers should pay more for quality connectivity…

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