Telecom Italia to explore options for assets after fresh guidance cut

MILAN: Telecom Italia (TIM) will press ahead with plans to attract new investors and get greater value from its assets, its CEO said on Thursday, after the group further cut its 2021 core profit guidance on the back of worsening conditions in its domestic market.

The fresh downward revision, announced late on Wednesday, follows a cut in July and heaps investor pressure on Luigi Gubitosi, CEO of Italy’s biggest telecoms group, who won a second term in February.