Is a partial sale of Noovle the answer to TIM’s financial woes?

Last week saw TIM once again lower its guidance for the second time straight, as a difficult financial year continues for the Italian giant. Facing increasing domestic competition from rivals and the huge costs of large-scale deployments of 5G and fibre, the company is languishing under €22 billion in net debt and shares have slumped to a one year low.
Speaking about the high level of market competition in the company’s earnings call, CEO Luigi Gubitosi said that it was high time customers should pay more for quality connectivity…

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