Italy’s telecoms firm Wind Tre sets up task force to study savings

MILAN: Wind Tre has set up a task force to study savings and cost cuts, an internal memo seen by Reuters showed, as the Italian telecoms firm faces hurdles to finalise a planned sale of a majority stake of its network to Sweden’s EQT.

Like other telecoms operators in Italy, Wind Tre, which is part of Hong Kong conglomerate CK Hutchinson is grappling with stiff price competition which is eroding revenue and earnings.