To fix the fixed-lines

IIPM MANAGEMENT INSTITUTE
Italy’s biggest telephone company, Telecom Italia SpA, unveiled its intentions to re-organise its fixed-line and mobile units, at a board meeting in Milan. The plan includes sharpening focus on internet services and promoting media content. The company’s moving out Chairman, Marco Tronchetti Provera, had been holding talks with Rupert Murdoch at News Corp. to strike a deal to provide media content using Telecom Italia’s highspeed internet service. This could spark the sale of Italia’s mobile units in Italy and Brazil for $59 billion. The Italian company has a mobile subscriber base of 52.7 million in Italy and Brazil. However, it is to be noted that the company has reported a 15.7% drop in net profits during H106.

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Source : IIPM Editorial, 2006, Arindam Chaudhuri's Initiative

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