Tim, Kkr, Corriere della Sera, vaccines and more. Bits of press review in the tweets of Michele Arnese, director of Startmag

THE CORRIERE DELLA SERA GIAVAZZIANO PRO NATIONALIZATION OF TIM

"Is it conceivable that the State will once again be the protagonist in what is considered to be one of the drivers of the country's technological development, namely the telecommunications network? Probably yes, a sort of renationalisation". (editorial of the Corriere della Sera)

– Michele Arnese (@Michele_Arnese) November 21, 2021

Tim: Vivendi's forcing against Gubitosi, Kkr's move and the extraordinary board of directors

Kkr, all on the American fund that points to Tim

LATEST ISS REPORT ON VACCINE EFFECTIVENESS

An ISS report highlighted that after six months from the administration of the vaccine, protection from infection drops from 79% to 55%, while for severe disease it drops from 95% to 82%. (Agi)

– Michele Arnese (@Michele_Arnese) November 21, 2021

SCRAPING TUMULTS

About 30,000 people took to the streets in Austria against the lockdown from tomorrow: 10 stops for violation of anti-Covid measures or for displaying Nazi symbols. Strong protests also in the Netherlands. Clashes in Rotterdam resulted in 51 arrests and 7 injured. (GMI review)

– Michele Arnese (@Michele_Arnese) November 21, 2021

TSO?

Are we moving towards compulsory vaccination?

"The decision does not seem to me this, with a hard core of 10% diehards, the obligation does not solve anything. What are you doing, do you apply the compulsory health treatment?", Minister Renato Brunetta replied to Corriere della Sera.

– Michele Arnese (@Michele_Arnese) November 20, 2021

THE MIXTURES CRITICATED BY CHRISANTS

"The no vax must not be the fig leaf to cover up errors. No analysis was done to understand which vaccines gave more protection. A mixture was made and it is not clear if Moderna gives more protection than AstraZeneca or Pfizer. ". (Andrea Crisanti)

– Michele Arnese (@Michele_Arnese) November 19, 2021

BERLUSCONI AT QUIRINALE?

Berlusconi has always been a divisive leader. The Quirinale remained the only respected institution. With Berlusconi al Colle, we would be able to demolish even the last temple. If God wills, it won't happen. (Mattia Feltri)

– Michele Arnese (@Michele_Arnese) November 21, 2021

SMELLY UNDERSTANDINGS

Easy to shoot at employees, very easy to mistreat the unions, harder to blame company leaders who sign agreements with awards to employees who do the courtesy not to be absent. And sorry when these company leaders say they are reformists https://t.co/5SkGjaTTH6

– Michele Arnese (@Michele_Arnese) November 20, 2021

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EXTRACT FROM THE EDITORIAL OF THE CORRIERE DELLA SERA PRO NATIONALIZATION OF TIM:

A new shareholder change for Tim. Or rather, Telecom, or rather Telecom Italia, as it was called at the time of the privatization that took place in the last century. Society could change masters once again.

An investor of rank like Kkr comes forward. What the news defines as a top-level institutional investor. Just to get an idea, he is the current first shareholder of Springer, the largest German publisher who recently bought "Politico" the most authoritative site in Washington for a billion. And overall it administers something like 400 billion.

The expressed interest in the company chaired by Salvatore Rossi and led by Luigi Gubitosi could herald the umpteenth entry of a foreign investor into Telecom. With a difference from the past. The government, which has special prerogatives in the event of the acquisition of companies or parts of companies deemed strategic for the country, has every intention of enforcing them. Starting with the stakes that he is ready to put on what is called the telephone network which is still perhaps the most valuable technological infrastructure in the country. Kkr would seem willing to respect those stakes. But if Vivendi were to organize a counter-agreement with another fund (Cvc), it is difficult to say whether the French would like to deprive themselves of the most important assets.

It is not just that network contained in the company Sparkle, the Telecom Italia subsidiary that manages and owns the cables that allow many countries to be connected to the web and which is the fifth largest Internet infrastructure in the world. The 600 thousand kilometers of scattered fiber for the world and for the oceans of Sparkle but also those on the national territory. Is it conceivable that the State will once again be the protagonist in what is considered to be one of the drivers of the country's technological development, namely the telecommunications network? Probably yes, a kind of renationalisation.

Of course, we are only at the beginning of a game that is neither easy nor clear in its evolution. And the point remains that of whether the government can enforce its prerogatives. Prime Minister Mario Draghi has already exercised his "golden power" by blocking the sale of a semiconductor company to the Chinese. But in this case it would be a question of being even more sophisticated. So much so that Palazzo Chigi would be ready to launch a sort of supercommittee of ministers and super-experts to examine the possibility (the names of Franco, Giorgetti, Colao, Gabrielli, Giavazzi, Garofoli, Chiné are mentioned).

What is certain is that a powerful and equally strategic public partner like Cassa Depositi e Prestiti has about 10% of the capital in Tim. And that the CDP itself now owns 60% of Open Fiber, whose mission is to wire Italy with optical fiber, while the remaining 40% is in the hands of another high-ranking fund, the Australian Macquarie. Therefore, there are not only "intentions" but also props on which to count to start outlining a strategy. Something that has been missing since the 1997 privatization.

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This is a machine translation from Italian language of a post published on Start Magazine at the URL https://www.startmag.it/economia/sorpresona-il-corriere-della-sera-giavazziano-e-liberista-pro-nazionalizzazione-di-tim/ on Sun, 21 Nov 2021 10:35:00 +0000.