Featured Articles

TSMC: Volume production of 16nm FinFET in 2H 2015

TSMC: Volume production of 16nm FinFET in 2H 2015

TSMC has announced that it will begin volume production of 16nm FinFET products in the second half of 2015, in late…

More...
AMD misses earnings targets, announces layoffs

AMD misses earnings targets, announces layoffs

AMD has missed earnings targets and is planning a substantial job cuts. The company reported quarterly earnings yesterday and the street is…

More...
Did Google botch the Nexus 6 and Nexus 9?

Did Google botch the Nexus 6 and Nexus 9?

As expected, Google has finally released the eagerly awaited Nexus 6 phablet and its first 64-bit device, the Nexus 9 tablet.

More...
Gainward GTX 970 Phantom previewed

Gainward GTX 970 Phantom previewed

Nvidia has released two new graphics cards based on its latest Maxwell GPU architecture. The Geforce GTX 970 and Geforce GTX…

More...
EVGA GTX 970 SC ACX 2.0 reviewed

EVGA GTX 970 SC ACX 2.0 reviewed

Nvidia has released two new graphics cards based on its latest Maxwell GPU architecture. The Geforce GTX 970 and Geforce GTX…

More...
Frontpage Slideshow | Copyright © 2006-2010 orks, a business unit of Nuevvo Webware Ltd.
Wednesday, 11 December 2013 11:40

Telecom Italia not going to break up Brazilian operations

Written by Nick Farrell



So where is its money coming from?

Cash-strapped Telecom Italia has ruled out breaking up the company's Brazilian wireless unit TIM Participacoes. CEO Marco Patuano said the board is not studying any break-up of TIM Brasil. I will never grow tired of repeating that it is for us a strategic company.

The outfit is under pressure to flog the outfit to deal with its huge debt and underinvested network. Speculation about a break-up of TIM Brasil sent Telecom Italia shares up as much as 3.6 percent on yesterday. The Brazilian government said that the country's antitrust watchdog had not ruled out a possible break-up of TIM Brasil into units to be bought by local rivals.

However, it looks like that idea is far from Telecom Italia’s mind. It is not clear what is going through its mind to get it out of trouble.

blog comments powered by Disqus

 

Facebook activity

Latest Commented Articles

Recent Comments