Brazil: Telecom Italia plans for hypothetical TIM sale

As Telecom Italia announced new leadership, reports say the wireless operator has also put in place a plan to guide a sale of TIM Brasil, should a deal ever be made.

Telecom Italia announced Aldo Minucci as the company’s new chairman, reports say, and simultaneously revealed a strategy to sell its assets in Brazil, which have recently become a source of uncertainty for the company. Telecom Italia shareholder Telefonica, based in Spain, launched conflict with its upped stake in Telecom Italia parent company Telco.

That acquisition gave the Spanish telecommunications firm additional control, indirectly, in TIM Brasil, prompting competition concerns with Brazil regulator CADE.

While no announcement has been made about whether Telefonica will be required to divest its stake in TIM Brasil or possibly find a partner to help run its other Brazilian assets, Telecom Italia now has a plan in place to divest TIM if necessary.

Full Content: Total Telecom

Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.