Telecom Italia director of networks is leaving, sources say

MILAN (Reuters) – Telecom Italia’s (TIM) deputy chief for infrastructure is expected to leave the company after the summer, two sources told Reuters. Such a move could complicate the group’s plan to split the fixed-telephone network to reduce debt.

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

In a press release, TIM said it was unable to make any statement on the matter at this time and dismissed “any hints of strategic layoffs” that continue to apply.

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

(Report by Elvira Pollina, French version by Jean-Stephan Bross)

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