Hints and tips:
...Brazil is where 30 per cent of our [earnings] come from,” said Labriola....
...Labriola told the FT last year the network sale was a last resort to save the company, which burns through €3mn per day....
...Championed by chief executive Pietro Labriola, the deal would cut debts by about €14bn and give the group now known as TIM a chance to participate in sector consolidation....
...Labriola thinks some of its continental competitors might even follow suit in dividing up their business....
...Labriola was put in place, with Vivendi’s backing, two years ago after his predecessor was ousted over KKR’s first offer....
...Telecom Italia’s chief executive Pietro Labriola, said in an interview with the Financial Times last month that following its decision to split the group and sell the network, further consolidation would...
...Signatories included Timotheus Höttges at Deutsche Telekom, Christel Heydemann at Orange, José María Álvarez-Pallete at Telefónica and Pietro Labriola at Telecom Italia....
...The mooted sale is part of chief executive Pietro Labriola’s attempt to relaunch the debt-laden group, but his plan has run into opposition from Vivendi, which appointed him in late 2021....
...Telecom Italia needs to sell a major asset and the network has already been prepared for a carve-out by chief executive Pietro Labriola....
...Pietro Labriola, chief executive of Telecom Italia, told the Financial Times: “If we win the fight for fair share but we’re not allowed to consolidate, that would not resolve the fundamental problem.”...
...Labriola proposed in March to split the group’s fixed network from all other assets including its mobile business and Brazilian unit....
...The Labriola plan would involve a more extensive split-up....
...New chief executive Pietro Labriola proposed hiving off the group’s Italian fixed network to carve the company into two chunks....
...A lot has happened since, including the appointment of chief executive Pietro Labriola. His plan to split the company in two, announced in March, is strikingly similar to KKR’s own proposals....
...“I am very satisfied [with] Labriola’s appointment,” chairman Salvatore Rossi said....
...Pietro Labriola, head of Telecom Italia’s Brazilian division, has been appointed director-general....
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