Milano — With a quick measure, the government gives its approval with prescriptions, ai pursuant to the golden power by authorizing KKR to acquire Netco, the Telecom Italia network company. The green light was expected, also because iThe Mef will participate in the operation alongside the US fund with 20% of the network. According to Palazzo Chigi, the acquisition operation is «a protection of the national interest and to guarantee state control over the strategic assets of the network”. Furthermore, «a role for the government in defining the strategic choices, all essential safeguards are ensured and state supervision of all aspects relating to the security, defense and strategic nature of the network and related assets is guaranteed”.
Opposition and unions against the government
A statement he made infuriate the opposition including the five-star members Stefano Patuanelli and Marco Pellegrini and Antonio Misiani, head of Economy of the Democratic Party. «It is a decision of enormous importance, which hands over control of the telecommunications network to a foreign private entity, a strategic asset of fundamental importance for Italy – said Misiani – It is essential that the government should be accountable to Parliament as soon as possible on the terms of the operation, starting from the tools envisaged to protect national interests and on how it is intended to safeguard employment levels and investments on the network”. The trade unions of Cgil and Slc Cgil have been asking for a meeting for months to receive reassurances on employment. Also because right now we are discussing the future of 175 Tim canteen workers, and of an external call center in Calabria that employs a thousand people.
We are working on the Labriola list, with approval from the Mef
Meanwhile, yesterday the meeting was held Tim’s appointments committee, in view of today’s board of directors meeting which will have to give the green light to the work for the definition of the new management list led by Pietro Labriola for the renewal of the board, which will expire with the meeting of next April 23rd. The orientation of the board of directors is reduce the number of directors from 15 to 9 (although it is not certain that an 11-member mediation will be found). We are looking a guarantee president to replace Salvatore Rossi – who has not given availability for the new mandate – and it is not even excluded that some of the exponents currently involved in Assogestioni could be candidates in the future management list. An unusual move, but which would have an important relevance in the event that there was a majority list alternative to that of Labriola, perhaps supported by Vivendi (the main shareholder with 23.9% of the capital), which would put at risk the possibility for the investors’ association to be able to appoint some representatives with the independence requirements. Vivendi in fact it remains firm on its positions, and is not willing to vote for a list with Labriola at the top. Il government iinstead it seems ready todefend managementit is no coincidence that it is probable that CDP will support Labriola’s list with its 9.9%.