(ANSA) - MILAN, 07 JUL - To reach the Single Network, if all the pieces will fall into place, it will take a year and a half.
"At the end of October is the time necessary for binding documentation, the execution will take about 15-18 months, we will try to shorten this path but it is a complex project and the times are not 100% under our control" explains the financial director of Tim Adrian Calaza describing the stages of the plan that start from the separation of Netco up to the hypothesized integration with Open Fiber.
The negotiation, after the MoU signed with the CDP and the funds is "an ongoing process - remembers CEO Pietro Labriola -, there are small discussions that do not change the negotiation.
As for the reorganization announced today, "the deconsolidation of Netco will bring up to 11 billion of debts out of the Tim budget", points out Calaza.
For Tim Enterprise "we have big ambitions with revenues of 3 billion to 5 billion in 2030 with a change in the mix, cloud will be the largest service with a 50% contribution to revenues," said Labriola during Tim's Capital Market Day.
(HANDLE).
