TIM’s plan for structural separation of its wholesale network and retail services businesses is not expected to dramatically affect revenues or earnings of either the new wholesale network services unit or the retail company.
TIM will not be the only wholesale platform, either, as Fastweb will continue to offer a facilities-based alternative.
Globally, the deal is part of a trend of merger, acquisition or restructuring activity led by in-market consolidation and a shift of infrastructure ownership towards institutional investment.
As it turns out, not only are the functions of wholesale network or infrastructure provider and retail services provider separable, those roles often appeal to different sets of investors.
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