(ANSA) - MILAN, 02 MAR - Tim closes 2021 with a loss of "8.7 billion" after the devaluation of domestic goodwill for 4.1 billion euros and the write-off of 3.8 billion euros by group leader of activities for anticipated taxes. "This is stated in a note from the group that approved the accounts for the year. The Board of Directors proposed to the shareholders' meeting not to distribute dividends.
The Board of Directors, which did not take decisions on Kkr, however sending the dossier to the advisors, approved the new business plan of Tim to 2024 which "launches a transformation path based on the creation of distinctive legal entities, netco and servco (consumer, enterprise and Tim Brasil), going beyond the model of vertical integration ".
The board of directors which mandated the chief executive officer Pietro Labriola to develop the executive reorganization project that will be presented within the half-year.
With the current configuration, however, Tim expects "a slight growth in revenues from services and stabilization of EBITDA" over the three-year period.
"With this new structure we will be more ready to respond to the challenges and seize the opportunities we have before us", commented the CEO of Tim Pietro Labriola after the approval of the board of directors at his industrial plan.
(HANDLE).
