The surge in Tim's stock on the Stock Exchange, where yesterday the telephone company gained 8,44% becoming the queen of the day on Piazza Affari, is worth a thousand words. The market senses that the single network project of dream telecommunications can become reality. Even if it will take time because the road is full of traps and obstacles.
Tim and Open Fiber at the table on the single network at the beginning of April
The novelty, reported today by Repubblica, is that the top management of Tim and Open Fiber should, with the full support of Cassa depositi e prestiti (Cdp) which is the controlling shareholder of Of and second shareholder of Tim, sit down at a table at April to sign a first agreement that begins to outline the path towards the merger of the respective network infrastructures.
The talks between Tim and Open Fiber, which, however, will still be rivals next week in the tenders to win the funds from the PNRR to bring ultra-broadband to the so-called gray areas, are the direct consequence of the political go-ahead that reached the project this week single network. Both Francesco Giavazzi, Mario Draghi's highly regarded economic adviser at Palazzo Chigi, and Dario Scannapieco, the CEO of the CDP, had no doubts in indicating the single network between Tim and Open Fiber as the goal towards which the two companies must strive to equip the country of a network infrastructure that can speed up the arrival of ultra-broadband in all areas of Italy and modernize the telecommunications system.
Kkr wants Tim's delisting before the reorganization, but it's not against the single network
The other news of the day is that, despite following different paths from those proposed by the Labriola plan for Tim, even the American fund KKR which is evaluating whether the conditions exist to launch a friendly takeover bid on 100% of Tim's shares, would not be at all contrary to the hypothesis of the single network which, in his opinion, must however be preceded by the delisting of the Tim share from the Stock Exchange.
In short, the road to the single network is still long and there is no shortage of uncertainties, but finally something is moving and the Stock Exchange has noticed it.
