Telecom Italia awaits new leaders

The controlling investors of Telecom Italia have nominated a new chairman and a new CEO to lead the telco, and their choices will be up for board of directors approval later this week. The nominations committee of Mediobanca SpA, one of the four Italian financial firms that teamed with Spain telco Telefonica to buy a 24% controlling stake in Telecom Italia's holding company, has nominated former Mediobanca chairman Gabriele Galateri as chairman of Telecom Italia and Franco Bernabe, who headed Telecom Italia briefly years ago, as the new CEO. The investment deal, by the way, gives Telefonica a direct 10% stake in the Italian ILEC.

For more:
- read this story in BusinessWeek

Related articles:
- Brazilian regulators had some say on Telefonica's Telecom Italia investment

FREE DAILY NEWSLETTER

Like this story? Subscribe to FierceTelecom!

The Telecom industry is an ever-changing world where big ideas come along daily. Our subscribers rely on FierceTelecom as their must-read source for the latest news, analysis and data on the intersection of telecom and media. Sign up today to get telecom news and updates delivered to your inbox and read on the go.

Suggested Articles

CyrusOne announced five new on-ramps to Google Cloud in order to provision direct connectivity for hybrid cloud deployments.

Verizon has bold ambitions to have its 5G Ultra Wideband enabled in 60 cities by the end of this year, but to do that it needs more fiber.

While Cisco has long dabbled in white box deployments as part of its network disaggregation efforts, it's not quite ready to jump in with both feet.