FILE PHOTO: Telecom Italia brand is considered on the headquarter in Rozzano neighbourhood of Milan, Italy, Could most likely most likely 25, 2016. News Team/Stefano Rellandini/File Photo/File Photo
MILAN (News Team) – Telecom Italia (TIM) talked about it deliberate to trail off its info centre operations and peek for an investor sooner than a doable market listing, after unveiling a partnership with Google to develop the cloud industrial.
The breeze is fragment of a conception by Chief Executive Luigi Gubitosi aimed at reviving the used monopoly – an underperforming industrial saddled with 24 billion euros of debt.
In presentation slides on its internet space, TIM talked about it would popularity the info centres below a newly-created honest entity.
TIM will then peek for an infrastructure investor that will perhaps enter the capital of the contemporary info centre company to finance its expansion, whereas retaining regulate of it. It might perhaps perhaps perhaps perhaps furthermore contain in mind listing the contemporary entity down the motorway.
On Thursday, TIM a strategic partnership with Google on the cloud service market.
Reporting by Elvira Pollina, improving by Valentina Za