Featured Articles

5th Generation Broadwell 14nm family comes in three lines

5th Generation Broadwell 14nm family comes in three lines

Intel's 5th Core processor family, codenamed Broadwell, will launch in three lines for the mobile segment. We are talking about upcoming…

More...
Broadwell Chromebooks coming in late Q1 2015

Broadwell Chromebooks coming in late Q1 2015

Google's Chromebook OS should be updating automatically every six weeks, but Intel doesn't come close with its hardware refresh schedule.

More...
New round of Nexus phone rumour kicks off

New round of Nexus phone rumour kicks off

Rumours involving upcoming Nexus devices are nothing uncommon, but this year there is a fair bit of confusion, especially on the…

More...
Nvidia officially launches the 8-inch Shield Tablet

Nvidia officially launches the 8-inch Shield Tablet

As expected and reported earlier, Nvidia has now officially announced its newest Shield device, the new 8-inch Shield Tablet. While the…

More...
Aerocool Dead Silence reviewed

Aerocool Dead Silence reviewed

Aerocool is well known for its gamer cases with aggressive styling. However, the Dead Silence chassis offers consumers a new choice,…

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