Lagging behind among the companies in its sector, Telecom Italia has for a few weeks been the center of a news flow which perhaps has as its primary objective that of clarifying the vicissitudes that are affecting the telecommunications group. Between climbs on the stock market and descents into the deep red, TIM is considered the worst company among the large companies operating in its reference sector: between Vodafone and Iliad which continue to post positive quarters in terms of revenues and profits, our Telecom last October 28th it was forced to revise its profit forecasts for 2021 downwards. This is how Luigi Gubitosi, current CEO of the group, announced the second profit warning in the space of just three months. What led the company to make this decision?
Two main reasons can provide us with an answer to this question
Firstly, the strong competitive pressure on the fixed telephony market. Leading many operators in the sector to reduce their prices. Just a few weeks before presenting the results as of Mexico Phone Number List September 30. TIM had announced the launch of a time-limited promotion offering a monthly TIMVision subscription with some of the main platforms included (including Netflix and Disney+) for less than €45. The second element was undoubtedly the unexpected disappointing result from the alliance with DAZN. The telephone operator and the streaming content provider had signed an agreement for the sharing of Serie A, with an economic value of around €340m.
To make the situation even worse
Iliad announced its intention to launch into the world of landline telephony over the summer. At the moment, no offer has been proposed by the French operator. Even if confirmed by Spain WhatsApp Number List the company’s management during the presentation of the quarterly results to investors. Although the price of Telecom shares is now at its lowest levels. In recent weeks TIT has closed some trading days in green territory. Driving these increases is the news of the possible takeover by the American fund KKR. Currently shareholder of FiberCop (the company to which TIM has moved part of its telephone network) at 37.5%. According to what was reported by Corriere della Sera.
