All Tim’s plans with Dazn, Noovle, Open Fiber and more
What Tim's CEO Luigi Gubitosi said about Dazn, Noovle, Open Fiber and more
While Tim is increasingly optimistic, after Enel's exit from Open Fiber, about the creation of the single network, Luigi Gubitosi is evaluating the interest of investors in Noovle, the new Spa active in Cloud and Edge computing solutions. And for the future the company is also aiming at football, in partnership with Dazn, convinced that the great passion of the Italians could push the fiber.
Here are Tim's plans and plans, according to company boss Gubitosi.
NOOVLE: GREAT INTEREST FROM INVESTORS
Let's start with the cloud company. In January, Tim set up Noovle SpA , a wholly owned subsidiary, born after the acquisition, last May, of Noovle Srl, one of the main partners of Google Cloud in the Italian market. The Carve out of the company is "completed" and "the company is working at full speed, we confirm the objectives", said Gubitosi, during the conference call with the analysts.
Tim's CEO does not rule out an upcoming financial partnership: "There is a strong interest from investors, but we want to have greater clarity" on the possible effects of the "Next generation fund before opening negotiations".
TIM ONLY TELCO THAT TRANSMITS DAZN GAMES
Meanwhile, the partnership has arrived on the Serie A front, with Dazn. “We cannot disclose anything about our agreement with Dazn, but we can say that we have an agreement similar to the one with Disney, that is, we are the telco that can distribute the subscriptions at a single distributor level. But if you want to buy fiber from us and a subscription from Dazn you can do it, ”said Gubitosi.
TIM'S FINANCIAL COMMITMENT
How much does the exclusivity cost? According to a letter, dated February 8, and viewed by Bloomberg , Tim would also support Dazn economically. With 340 million euros a year to be precise. Dazn, in a letter sent to Lega Serie A, reassured "that there are no reasons why Lega Serie A can harbor any doubts whatsoever about Dazn's financial reliability", who is also from "a partner who is a leader from a technological point of view which will undoubtedly provide Dazn with further support (also from a financial point of view) ”. The partner, the letter specified, "has undertaken to pay an annual guaranteed minimum equal on average to more than 40% of the annual fee" with payments "in six annual installments".
WILL FOOTBALL PUSH THE FIBER?
But the investment should bear fruit soon. The telco, in fact, is convinced that watching football matches on the Internet will push the migration of users towards fiber, with the desire to have a stable connection.
After the deal with Dazn, Tim is aiming for what he calls Fttf, or the fiber up to football. The company expects around 70 million capex spread across 2021, with the aim of rolling out the network to watch football matches.
FIBER: IN THE GRAY AREAS 99% COVERED CONTROL UNITS
And speaking of fiber, Gubitosi says that Tim "in the gray areas" has "more than 99% of the control units covered and connected in fiber" and for this reason he should "have a cost advantage over the others", responding to the eventuality of various tenders public on gray areas, areas where there is or is expected to invest a single operator.
TIM OPTIMIST ON A SINGLE NETWORK
Aside from the announcements, Tim is still aiming for the single network. And now that Enel has left, the company led by Luigi Gubitosi seems to be more optimistic.
“Am I more optimistic after the news that Macquarie and Cdp are replacing Enel? Yes, ”says the CEO. And commenting on any rumors about a government stop, Gubitosi adds: "the reality is that I would remain with the facts, since the last time we spoke there is a point that has materialized, it took Enel 8 months to complete the examination of the Macquarie offer, but the thing happened ".
Enel “has slowed down our negotiations (and this is a fact, not a judgment), it was a factor in slowing down, and therefore now things will be simpler; surely the interaction with other actors (Cdp and Macquarie) will be simpler or faster at least. We will understand more quickly whether an agreement can be reached or not. In addition, Macquarie, an operator who aims to make profits, to earn from this operation, comes into play, whenever someone has a profit motivation, that someone will do his best to achieve the objectives ”, concludes Gubitosi. In general, "the picture is potentially better" and "I think that as soon as the discussions with Macquarie are completed, we will talk to the new shareholders of Open Fiber in the hope of finding an agreement for the best".
This is a machine translation from Italian language of a post published on Start Magazine at the URL https://www.startmag.it/innovazione/tutti-i-piani-di-tim-con-dazn-noovle-open-fiber-e-non-solo/ on Thu, 20 May 2021 14:54:16 +0000.