TI - Telecom Italia: Should Investors Focus On The Long-Term Opportunity?
A history of bad management
Twenty years have passed since Telecom Italia’s (TI) privatization. In these years the company has been ground zero for personal interests. Everyone who passed through TI used one of the country’s largest industrial and technological heritage firms for their own enrichment.
The company was healthy, with no debt and with a lot of cash, until 1999.
In 1999, manager Roberto Colaninno launched his climb to Telecom Italia at the head of a handful of investors. With a public offering of 30 billion euros, Colaninno bought the largest telecommunications