Telecom Italia board meeting yesterday to discuss proposed September 11 this year, corporate restructuring strategy. The Company believes that competition in the technology evolution and the larger environment, Telecom Italia launched two years ago, fixed and mobile network transformation plan has been for the company 1 billion euros of cost savings. therefore believe that Telecom Italia fixed telephone, mobile phone, broadband internet and media business integration will be the company's strategic goals. in this broad framework of corporate restructuring to ensure that loss of business under the premise of the benefits of integration to improve the efficiency of the company. For the same reason, Telecom Italia will focus on the transformation for the access network to fit the high-definition television, music, telemedicine, mobile office broadband business needs. To this end, access network business spun off from Telecom Italia. Telecom Italia said that the center of all this would be to improve customer satisfaction.
just look at this press release is difficult to understand why Telecom Italia, then peel network business. We need to look into Sept. 11, Telecom Italia can say to the world shook the telecommunications industry restructuring strategy. that time, Telecom Italia announced that make separation of fixed and mobile services, the company's business focus to broadband and multimedia fields. A week later, Telecom Italia acquired AOL Youyi $ 857,000,000 business in Germany.
fixed and mobile convergence is the world's telecom operation of a direction, and generally widespread over mobile and fixed Net business profit more. So the mobile business of Telecom Italia's move is stripping can be used to describe the shock. superficial reason is to transition to broadband multi-media strategy, more people think that Telecom Italia is to sell its mobile business reimbursement owed huge debt.
AOL's business in Germany, has 110 million broadband users and 1.3 million narrowband users, with the acquisition of Telecom Italia in Germany prior to another ISP Hansanet, in Germany, Telecom Italia will have 200 million broadband users, the objective of the broadband and new media-centric strategy benefit. but the problem is that capital market analysts generally believe that Telecom Italia to pay ridiculously high prices. As more and more intense competition in the European broadband market, broadband users will grow ARPU low. the acquisition of Telecom Italia to recover from this is difficult to overestimate the benefits.
As for AOL, why one after another to sell the European business is also a concern. is not only Germany's business, AOL in France, business in the UK have recently completion of the sale. Business Week, Aug. 8 article in the analysis of the strategic shift that AOL is doing. They withdrew from the access market in Europe, back to the advertising and content-based profit model. In Germany, AOL in the future also Telecom Italia will continue to cooperate, providing advertising and content services. and these are Telecom Italia's broadband and media strategy the core do?
initiatives in Italy, Telecom Italia has also been a fierce domestic criticism. Telecom Italia Board of Directors President Tronchetti Provera had also announced his resignation Sept. 15. just 18 months ago, Telecom Italia was in a big way to integrate mobile and fixed-line business, less than a year and a half but should be separated. This is a little bizarre to see who . with Italian Prime Minister Romano Prodi of Italy also expressed concern about moving things for sale to foreign companies.
newly appointed chairman of Telecom Italia, Guido Rossi took office said they did not intend to change the term of the strategic direction of Telecom Italia. So the whole world wait and see, Telecom Italia, what is the next step. Now we finally come out.
we now look at the above press release, we can understand that Telecom Italia is actually going back. Telecom Italia's fixed line and mobile services To continue to walk the road of integration. while stripping the access network business, according to Business Week September 20 article, Telecom Italia can not only bring much-needed cash, but also can greatly promote competition in the telecommunications industry in Italy to improve the environment.
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