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Telecom Italia needs to review Brazil strategy - CEO

2015-09-22 09:01:00| Telecompaper Headlines

(Telecompaper) Telecom Italia will be reviewing its strategy in Brazil in a forthcoming board meeting due to the worsening economic situation in the country, according to CEO Marco Patuano. "For our Brazil unit, we are focused at the moment on organic investments but we need to review the strategic plan since the situation in Brazil worsened a lot," said Patuano at a recent event, according to Bloomberg. Brazil currently generates nearly 30 percent of the Italian operator's revenue through its ownership of around two-thirds of TIM Brasil, the South American country's number two mobile operator, valued at around USD 5.1 billion. Telecom Italia also plans to use the meeting to review its strategy for mobile tower unit Inwit, for which it is seeing "strong interest", according to Patuano.

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Telecom Italia to review Brazil strategy

2015-09-22 02:00:00| Total Telecom industry news

Recession reportedly gives CEO Marco Patuano pause for thought.

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Telecom Italia confirms towers interest

2015-09-22 02:00:00| Total Telecom industry news

Marco Patuano says board will discuss INWIT's future this week.

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Telecom Italia rethinking Brazil strategy amid recession

2015-09-22 01:44:03| Telecom - Topix.net

The Brazilian recession is forcing Telecom Italia to review strategy , CEO Marco Patuano says, as tides have turned in the country that provides nearly 30% of TI's revenue. In January, Patuano said TI would invest "much more" in Brazil after meeting with the communications minister, and in February the company said it would put more than $3.6B into the country.

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