Featured Articles

Analysts expect ARM to do well next year

Analysts expect ARM to do well next year

British chip designer ARM could cash in on the mobile industry's rush to transition to 64-bit operating systems and hardware.

More...
Huawei and Xiaomi outpace Lenovo, LG in smartphone market

Huawei and Xiaomi outpace Lenovo, LG in smartphone market

Samsung has lost smartphone market share, ending the quarter on a low note and Xiaomi appears to be the big winner.

More...
Intel Broadwell 15W coming to CES

Intel Broadwell 15W coming to CES

It looks like Intel will be showing off its 14nm processors, codenames Broadwell, in a couple of weeks at CES 2015.

More...
Gainward GTX 980 Phantom reviewed

Gainward GTX 980 Phantom reviewed

Today we’ll be taking a closer look at the recently introduced Gainward GTX 980 4GB with the company’s trademark Phantom cooler.

More...
Zotac ZBOX Sphere OI520 barebones vs Sphere Plus review

Zotac ZBOX Sphere OI520 barebones vs Sphere Plus review

Zotac has been in the nettop and mini-PC space for more than four years now and it has managed to carve…

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