Deals
Telecom Italia Confirms Exploring Strategic Options for Network
- Phone carrier targeted by KKR weighs landline-network spinoff
- CEO Labriola’s seeking to revamp consumer, enterprise services
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Telecom Italia SpA, the carrier targeted in November by KKR & Co., confirmed it’s exploring strategic options for its network in a move aimed to extract value from the company’s most valuable asset.
The former phone monopolist’s board of directors gave Chief Executive Officer Pietro Labriola a mandate “to maximize shareholder value, with specific reference to the group’s infrastructure assets, including solutions that go beyond vertical integration,” the company said in a statement late Wednesday.