The “war of the French.” This is how the Italian press comments on the rivalry between Xavier Niel and Vincent Bolloré Telecom Italia seize booty. Real rivalry or concerted action? Nobody knows.
Side Xavier Niel, one of his main allies would Naguib Sawiris, the former head of the Wind operator. Through the French, Egyptian businessman realize his dream to go to Telecom Italia. It is incumbent that the Italian is a prey of choice. It is the largest mobile operator in the country and it also controls the second IOnternet service provider in Brazil, TIM Participacoes. It is primarily an excellent financial investment. Financial analysts have already identified as the most attractive targets in Europe, with the Dutch telecom KPN.
The “telco” Italian weighs more than 22 billion traded. And the future looks bright, since the Italian market could soon move from four to three telecom players. Russian Vimpelcom is indeed in the process of merging its mobile operations with those of Hong Kong’s Hutchison Italy. An actor would mean less and less competition in the market and thus, potentially, a rise in prices. The competition authorities must, however, decide on the operation.
Whatever they decide, anyway, “ Italy is a fabulous playground , one expert noted. The market is not mature in terms of infrastructure, it is lagging behind in terms of trade policy. As with the fiber deployment, Italy is lagging behind compared to other countries European. “There is not really on the spot market between low cost offers premium offers. In short, “ Italy, it’s a bit of France there are five or six years before it makes its revolution ,” says the observer.
Wide possibilities
For Telecom Italia, the potential arrival of Xavier Niel would be good news, according Carlo- Alberto Carnevale Maffe, professor of Economic and Financial Strategies at Bocconi University in Milan. “ The competent reinforcing shareholders in the company. Xavier Niel has a culture of start-up, no technocrat and he immediately understood the importance of Telecom Italia, he knows very well since the company has long been present in France, precisely-t he. It is the only company of its kind that we can lust after in Europe. Above all, the change in its governance rules last year to purchase more easily share capital and influence the strategic choices. It might even implicitly easily ally with Bolloré to increase its influence , “he adds. The coming days are expected to see more clearly.
Olivier Tosseri
Correspondent in Rome
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