TIM presents network spin-off plan to regulator

31 Jan 2018

Telecom Italia, which offers fixed and mobile services under the TIM brand, has presented the Communications Regulatory Authority (Autorita per le Garanzie nelle Comunicazioni, Agcom) with a plan for the separation of its network assets from its retail business, Reuters reports, citing ‘a source familiar with the matter’. The telco proposes hiving off its networks business – which could be valued at up to EUR15 billion (USD18.6 billion) – into a separate unit which will be wholly-owned by the Telecom Italia group. Italy’s Industry Minister Carlo Calenda has previously called on the operator to proceed with the retail-wholesale split to protect network assets which are considered strategic after French firm Vivendi became TIM’s majority shareholder with a 24% stake.