Carlo Cambini, Andrea Giannaccari

Ownership changes and vertical separation in the Italian telecommunication market

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The article analyses recent Telecom Italia changements in both shareholders structure as well as management composition, with specific emphasis on the agreement which has led to the creation of the Telco holding. The financial and industrial strategies of Telecom Italia are also scrutinised in the even more globalized telecomunication market, pointing out the many critical aspects that the Italian incumbent has to deal with and, above all, overcome. In this respect, it is also discussed the proposal of operational separation, which has been recently submitted to a public consultation by the Italian Regulatory Authority; and the issue of the necessary investments to boost the proper and sound development of the Next Generation Networks.

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