TIM requests delay to network spin-off

15 Apr 2019

Telecom Italia (TIM) has asked Italy’s Communications Regulatory Authority (Autorita per le Garanzie nelle Comunicazioni, Agcom) to postpone a review of the telco’s plan to spin off its fixed network assets. A report from Reuters says TIM is seeking a delay because its plans for the spin-off have changed under its new CEO, Luigi Gubitosi, who replaced Amos Genish in November. TIM first presented its plans for a network separation to Agcom in January 2018.

The proposed spin-off has caused disagreements between TIM shareholders Vivendi and Elliott Advisors. While the French firm is keen for TIM to retain some control over its infrastructure assets, Elliott favours a full separation. There has been speculation that TIM’s networks business could be merged with state-backed wholesale network firm Open Fiber to create a single national infrastructure.