Tim, what Gubitosi says about Colao, single network, Open Fiber and Cdp
Strategies, wishes and proposals of Gubitosi, Tim's head of company, speaking today with the analysts of the single network and not only
Government, Colao, single network, Open Fiber and Cdp.
These are some of the issues addressed by Tim's head of company, Luigi Gubitosi, during the presentation of the accounts and the industrial plan to the analysts.
Here are all the details.
THE WORDS OF GUBITOSI ABOUT OPEN FIBER AND MORE
"Progress has been made on the single network, Enel has announced the sale of the stake in Open Fiber to Macquarie, this confirms the initial expectations, there are significant synergies with the merger of the two networks", said Luigi Gubitosi, CEO of Tim, speaking to analysts today.
THE SYNERGIES BETWEEN TIM, CPD AND GOVERNMENT ON THE UNITARY NETWORK
Regarding the single network project "Cdp and we have the same sense of urgency, of course, with the will of the government and the CDP to implement this agreement and benefit the country, I think this will happen sooner rather than later". However, added Tim's number one, "the government has just been formed, we are waiting to understand what their position will be in this regard, even if we have an agreement signed and we have no reason to think that the position of Cdp can be changed in this regard ". Among other things, the list for Tim's next board presented by the current board includes the president of CDP, Giovanni Gorno Tempini, given that CDP has almost 10% of the capital of the group chaired by Salvatore Rossi and led by Gubitosi.
TIM'S MOVES ON THE UNITARY NETWORK
"The news, as far as we are concerned – explained Tim's CEO – is that we have completed the technical due diligence, it is covered by confidentiality, but the good news is that there are enormous synergies (between the Tim network and Open Fiber , ed ) that could be created ”and“ the sooner we act the better it will be ”.
WHAT THE NUMBER ONE OF TIM OF THE DRAGHI GOVERNMENT SAYS
The Draghi government on the project of a unitary broadband network will continue in the wake of the Conte governments, underlined the number one of the telephone group which in these days is also grappling with the definition of the lists for the renewal of the board of directors at the next shareholders' meeting: "There is no reason to believe in changes in the plans by the government, there is an agreement with CDP that will be honored," said Luigi Gubitosi, answering an analyst's question on the possibility of a change in the policy of the new government regarding the single network project.
THE WORDS OF GUBITOSI ABOUT COLAO
With regard, in particular, to the new minister Vittorio Colao, former CEO of Vodafone, now owner of the department for innovation, "actually – added Gubitosi – we know him very well, since he worked for Vodafone, I have always considered him an excellent competitor, now has a different task, in favor of the whole country, I had the opportunity to exchange ideas with him as well as with other high-profile ministers, both political and technical ". Furthermore, these ministers "I think they know how to be discreet and reserved, they will think and act and then they will talk to the press and not vice versa".
THE ROLE OF THE RECOVERY PLAN
“In 2021 we would be pushed backward by the wind of the economy and forward because the government is investing in various programs. Then the Recovery will come, we expect the telco and digital sectors to do much better than the rest of the sectors, ”said Gubitosi, CEO of Tim. In this scenario, “we expect an important role for vouchers”. Furthermore "it seems to us that on the basis of the first moves of the government there is a strong determination to make all this central".
AEOLUS? NO THANKS
Finally, chapter Aeolus . No thanks, says Gubitosi. Tim is not interested in buying the Eolo operator , Tim's CEO clarified, answering a question from an analyst. "We respect Aeolus a lot, we have an excellent opinion of the management system, they did a very good job" and for our part "we will continue to do Fwa (fixe wireless access), I cannot exclude a collaboration, but we will not buy Eolo or other players 'of this sector ". Words that follow journalistic rumors according to which large groups in the sector are interested in Aeolus. But evidently, more than rumors, these are the wishes of the sellers. Above all, on the capital of Eolo there is a pledge of Mps and Unicredit. An issue not of secondary importance in the sales plans by the current partners.
This is a machine translation from Italian language of a post published on Start Magazine at the URL https://www.startmag.it/innovazione/tim-che-cosa-dice-gubitosi-di-colao-rete-unica-open-fiber-e-cdp/ on Wed, 24 Feb 2021 15:27:34 +0000.