Telecom Italia: an emblematic case of corporate disposals needed to deleverage
Demerger process compounded by governance battles with a kaleidoscope of outcomes
Telecom Italia is just the tip of the iceberg
The saga of Telecom Italia maybe considered quite idiosyncratic in view of all the Italian peculiarities around it, from the secular Italian-French rivalry, to government interventions, to a chequered history of investments and leveraged buyouts by both the “salotto buono” and the new “capitani coraggiosi”.
Th…