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Europe

Italians Eye Expansion

7:00 AM -- Telecom Italia (TIM) looks set to shuffle its asset pack, according to a report from local daily La Repubblica.

The newspaper suggests that the Italian stallion, which is believed to be considering the sale of its French broadband business, might turn its espresso-fuelled growth strategy towards Eastern Europe, a region with plenty of potential for mobile and fixed-line expansion. (See Au Revoir, Alice?, PE Firms Buy Euro Carrier, Hungary for M&A Action, and Eastern Promise.)

The newspaper also reports that the incumbent carrier is set to spin off its access network assets, as expected, and might even float the infrastructure offshoot, which could be valued at up to €30 billion ($44.7 billion), on the Italian stock exchange. (See Italians Head for the Splits.)

Any such decisions will, of course, need to be sanctioned by a certain Señor Alierta. (See Telefónica Takes Stake in Telecom Italia.)

— Ray Le Maistre, International News Editor, Light Reading

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