The CEO of Telecom Italia (TIM) says the spin-off of its fixed infrastructure operations could be completed as early as January 2019. A report from Milano Finanza cites Amos Genish as saying that the network separation project will be ‘of great benefit’ to Italy and its telecoms sector.
The telco plans to create a separate entity – NetCo – to hold its fixed infrastructure assets, which will include access network infrastructure, from the exchange to customers’ homes, as well as buildings, electronic equipment and IT systems. NetCo will offer wholesale access to its networks on an equal and independent basis to all telecoms service providers, including TIM itself. The new unit will be 100% controlled by TIM initially, though it is thought that a stake in the company will be offered for sale at a later stage. TIM’s board approved the separation plan in March and telecoms regulator AGCOM ruled last week that the proposals were acceptable.