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The new industrial plan

TIM Group's new industrial plan

03/02/2022 - 10:30 PM

The TIM Group looks to the future. The new three-year industrial plan presented by the Chief Executive Officer Pietro Labriola is a turning point, the launch pad for seizing new opportunities in a complex market.

This is how, starting with a plan of immediate actions to improve competitiveness and efficiency, a profound transformation will be achieved.

Activities will be concentrated in two directions, divided into four business units, at the end of the evolutionary process. The fixed network and national and international wholesale - with FiberCop and Sparkle - brought together in the NetCo business unit, will be on one side. The mobile network, service platforms and data centres of ServCo, namely the activities of the Consumer and Enterprise - with Noovle, Olivetti and Telsy - business units and TIM Brasil, which has accelerated its growth path thanks to synergies and integration with Oi, will be on the other.

Moving beyond the vertical integration model, the new plan will allow the value of all the business units  to be unleashed and enhanced, the impact of regulation to be simplified and investments to be better focused, thereby producing more profitability. The range of strategic options will also be broadened, attracting new partners and financial investors.

Lastly, the new industrial plan pushes down the accelerator on sustainable development objectives, setting new and more ambitious ESG targets. By 2040, the Group aims to achieve net zero emissions and, by 2030, carbon neutrality. Actions to support the circular economy and gender equality and digital inclusion goals will also be strengthened.

This plan is a new page in the Group’s history, one that will enable us to express the value of all the businesses composing it.  

I am convinced that the evolution we have planned for the Group is a positive break with the past. We are playing a front-runner role in the Telco sector and expect others to follow our example. With this new set-up we will be able to seize the opportunities we have in front us, giving precise answers to the objectives of the Digital Agenda and the PNRR and being more effective with our clients.”

Pietro Labriola, TIM’s Chief Executive Officer and General Manager