New TIM CEO reignites Italian single network hopes
by Harry Baldock, Total Telecom
Monday 24 January 22
The promotion of TIM Brasil CEO, Pietro Labriola, to the role of Group CEO could mean bad news for KKR’s takeover bid and increase the appeal of the Italian single network proposition
On Friday, Italian incumbent operator TIM announced that they had selected Pietro Labriola to replace the outgoing Luigi Gubitosi as Group CEO.
Labriola, who had served as the CEO of TIM Brasil for three years, was considered the frontrunner for the position, having quickly secured the backing of both Vivendi, TIM’s largest individual shareholder, and Italian state investment bank Cassa Depositi e Prestiti (CDP).
The change-up dates back to November, when private investment firm KKR first offered to takeover TIM for roughly $12 billion…
On Friday, Italian incumbent operator TIM announced that they had selected Pietro Labriola to replace the outgoing Luigi Gubitosi as Group CEO.
Labriola, who had served as the CEO of TIM Brasil for three years, was considered the frontrunner for the position, having quickly secured the backing of both Vivendi, TIM’s largest individual shareholder, and Italian state investment bank Cassa Depositi e Prestiti (CDP).
The change-up dates back to November, when private investment firm KKR first offered to takeover TIM for roughly $12 billion…
TT PREMIUM CONTENT
If you are a subscriber login here
To access premium content you need to upgrade your account. To find out more click here
We are having trouble showing you adverts on this page, which may be a result of ad blocker software being installed on your device. To view the article please disable any ad blocking software