Green light for the Italtel plan

Milan, March 17, 2021 – Italtel announces that its new industrial plan has been positively assessed by the Court of Milan and is therefore the basis for admission to the path of arrangement with creditors for the relaunch of the company. The conclusion of this path is expected by the end of 2021.

The plan provides for the consolidation of Italtel within the PSC Group and the minority presence of TIM in the shareholding.

The approval of the industrial plan offers new force to our industrial journey”, says Stefano Pileri, Italtel CEO. “The cornerstones of our plan are: the proposal of innovative lines on the topics of 5G and Ultra Broadband, Cybersecurity, IoT and Hybrid-Cloud with a strong multi-technology declination; the markets differentiation on public administration, utilities, banking & insurance, and media; the strong focus on engineering and operations services with the added value of software; the growth in the international markets where we are present which offer the greatest development prospects; the investment in people’s skills and competence.”

For a company that in 2021 celebrates its 100 years, we believe we have the enthusiasm and the drive to continue to dedicate ourselves to the development and improvement of people’s lives through technology, as we have done throughout our history.”, concludes Pileri.

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