On the takeover bid launched by Poste Italiane on Tim “the market will decide We are following the process. The market will decide whether this offer is fair." He said Peter Labriola, CEO of Telecom Italia, interviewed by Bloomberg TV.
“It is very important for me to underline that our company has been working for the last five years with a market-oriented approach and we must continue on this path", added the manager, reiterating that he does not want to anticipate the evaluation that the board of directors will give in the coming weeks. While consolidation remains a must, TIM's current CEO reminds us that "you need to be quick, you need capital, and, financially, you need a solid starting point." He concludes: "It's not up to me to say the right path today, but we must be clear that small doesn't necessarily mean big."
Labriola: "Poste is a strong partner with or without a takeover bid."
When asked whether Poste is the right partner for Tim, rather than, for example, another telecommunications operator, Labriola replied: “I think Poste has already decided thisBut I repeat, I don't want to anticipate an evaluation." In general, he continued, with a partner like Poste, "with or without public offering, we can increase our presence, we can expand our portfolio of services. On digital sovereignty, it is clear that Poste can be a very powerful partner".
Tim, will Labriola stay after the takeover bid? "It's not important today."
Pietro Labriola will remain at the helm of Tim in case of success of the Poste Italiane takeover bid?Today is not important, what is important is the interest of the shareholders", said the manager during his interview Bloomberg TV, speaking about the company's future after the launch of the takeover bid by Poste Italiane.
When asked how long Tim will be able to remain independent once it is under the umbrella of Poste, Labriola did not answer, but recalled what was said by Poste's CEO Matteo Del Fante who, during the conference call with analysts, had assured that Tim will remain “stand alone and the iconic brand will be protected”.
Labriola reiterated that the objective of the consolidation in telecommunications It doesn't change, and neither do the plans for TIM. "We need to try to increase and improve our numbers," he said, and even though the takeover bid was a surprise, it doesn't eliminate the possibility of doing so. "I don't see why; it's essential to do so both nationally and at the European level. On the digital front, to do so, you need to be quick and have broad financial backing."
"Let's keep calm. We shouldn't make decisions with short-term concerns in mind. We must continue to work on what we do well. Achieve our goals and work for the company's future," the CEO concluded, recalling that he had "debt problem solved, We refinanced it, we brought the activities under control and now we have opportunities in front of us, which are more or less the same throughout Europe."
TIM: Opensignal ranks first in Italy for network quality
Meanwhile Tim the Italian record for fixed and mobile network qualityThis is certified by Opensignal, which analyzes the user experience of connectivity. The published reports show that the group ranks first in the quality offered to customers throughout the country, and particularly in Rome and Milan, for mobile services.
According to Opensignal Time, the best operator for “consistent quality” in Italy, an indicator that measures the network's ability to guarantee stable performance in daily digital activities, from browsing to streaming to the most advanced services, with a percentage score of 80 in fixed and 79,2 in mobile"The recognition achieved by the group is at the heart of the new episode of the commercial on air with Massimo Lopez and set in the Fortino, once again a place to tell the story of an increasingly connected present, thanks to advanced technologies and new models of relationship," the company underlines in a statement.
