MILAN, 15 FEB – “To have an effective deleverage (debt reduction, ed.) it is obvious that there will have to be extraordinary operations, it is not just ‘debt dismantling’ but a strategic option, the market will see a concentration and to be ready we need to improve the debt situation”. Tim’s CEO Pietro Labriola reiterates it, answering analysts’ questions. “In the three years of the plan something will certainly happen – adds Labriola – in the event of a sale of the network it will trigger a domino effect”. “There are more lights than shadows ahead of us – says the CEO – and Tim’s future will be better than his recent past”. “We have laid the foundations for a long-term change” he adds, listing the agreement with Open Fiber in the blank areas, the updates to the guidance, the revised agreement with Dazn, the establishment of the National Strategic Pole and the sale of the Inwit stake only for mention a few operations. Last but not least the work on the separation of the network. “Today TIm more credible than a year ago and the market is starting to believe in our company” he adds, recalling the recent return to the bond market. Tim announced yesterday evening that he closed 2022 “exceeding guidance thanks to a further improvement in operating trends in the fourth quarter”. In twelve months, revenues from services at group level amounted to 14.6 billion (+1.3%) and organic EBITDA amounted to 6 billion, down by 6.7% (+2.7% in the fourth quarter). (HANDLE).
(ANSA)
