Telecom Italia networks director on departure, sources say

Telecom Italia networks director on departure, sources say

MILAN (Reuters) – Telecom Italia’s (TIM) deputy head of infrastructure is expected to leave the company after the summer, two sources told Reuters, a departure that could complicate the group’s plan to split its fixed telephone network in order to reduce its debt.

Stefano Siragusa, who joined TIM as infrastructure director in 2018, disagrees with the strategy championed by Italy’s top telecom operator’s CEO, Pietro Labriola, the sources said, adding that talks about his future were continuing.

In a press release, TIM said it had no announcement to make on this subject for the moment and rejected “any allusion to departures dictated by disagreements on the strategic line of the company”, which continues to be applied.

Telecom Italia presented on July 7 a strategic plan aimed at separating its fixed telephony network from its service activities in the hope of raising cash and reducing its debt.

(Report Elvira Pollina, French version Jean-Stéphane Brosse)

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