Latest news with #PietroLabriola
Reuters
08-05-2025
- Business
- Reuters
Telecom Italia CEO says tie-up with Iliad remains possible
MILAN, May 8 (Reuters) - Telecom Italia (TIM) ( opens new tab will continue to explore the possibility of a tie-up with French-owned rival Iliad as it remains convinced that consolidation is needed to make Italy's telecoms sector sustainable, its boss said on Thursday. "We will continue to pursue the possibility of a deal with Iliad," TIM Chief Executive Pietro Labriola told analysts in a call after it released quarterly earnings. However, he added that it would not be a nightmare for TIM if an alternative tie-up happened between Iliad and rival Wind Tre.
Bloomberg
13-02-2025
- Business
- Bloomberg
Telecom Italia CEO Says Iliad, Poste Are Its Only M&A Options
Telecom Italia SpA's only options for a possible merger and acquisition deal in its home market are French carrier Iliad SA and Italian postal operator Poste Italiane SpA, the carrier's chief executive officer said. On a conference call with analysts Thursday, CEO Pietro Labriola reiterated comments dating back to 2022 that 'for consolidation, Iliad or Poste were the only possibilities.' Italy's one-time phone monopoly does not have a preference for a possible partner, the CEO said. 'We remain focused on results and executing our plan.'
Reuters
13-02-2025
- Business
- Reuters
Telecom Italia CEO says Iliad and Poste both valid M&A options
MILAN, Feb 13 (Reuters) - Poste Italiane ( opens new tab and French telecoms group Iliad are both valid M&A options for Telecom Italia (TIM) ( opens new tab, the CEO of the former Italian phone monopoly, Pietro Labriola, said in a conference call on Thursday. "From an industrial point of view, as we already said in 2022, Iliad or Poste are the only possibilities for a consolidation," Labriola said. "We have no preferences," he added. State-backed Poste is expected to hold a board meeting over the weekend to discuss the terms of a potential investment in Telecom Italia, three sources close to the matter told Reuters. Under the scheme being examined, Poste would invest in TIM by taking the 9.8% stake currently held by state lender Cassa Depositi e Prestiti (CDP). Poste offers phone services through its Poste Mobile unit. Reuters reported last week that Iliad was exploring a tie-up of its Italian unit with Telecom Italia and had met top Italian government officials to inform them of its intentions. In Thursday's call, Labriola said consolidation was essential to fix the Italian telecoms sector, where fierce competition has thinned out operators' profit margins. The TIM CEO said he saw the possibility of upside on the group's outlook linked to potential consolidation in the sector and a more favourable exchange rate in Brazil, where TIM operates through its listed subsidiary TIM Brasil ( opens new tab.
