Telecom Italia to shed up to 15,000 jobs

7 Apr 2016

Telecom Italia is said to be considering cutting up to 15,000 jobs as it faces growing competition in Italy’s fibre broadband sector. According to a report from Bloomberg, which cites ‘people familiar with the matter’, the former incumbent is looking to shed almost 30% of its domestic workforce. The move comes as a response to the recent announcement by state-backed utility firm Enel that it is looking to spend EUR2.5 billion (USD2.9 billion) on the rollout of a nationwide fibre-optic network that can be leased to telecoms service providers. Milan-based fibre network operator Metroweb is also being seen as a potential broadband partner by the likes of Vodafone Italy and Wind Telecomunicazioni, while this week another Italian ISP, Fastweb, unveiled its own plans for a EUR500 million investment into high speed networks which will see it rolling out 200Mbps connections past 50% of the country’s households by 2020.

Italy, Telecom Italia (TIM)