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Cambridge, MA, September 12, 2006—The primary reason for Telecom Italia’s decision to drop its convergence strategy is financial, according to Senior Analyst Nick Holland of Pyramid Research in Pyramid’s latest Analyst Insight.
“Telecom Italia has been struggling with a significant debt burden of US$50.8 billion – to reposition itself to enable the sale of its mobile unit would substantially reduce this debt,” comments Holland.
However, according to the article, Pyramid does not believe Telecom Italia’s reinvention as a media company will come easily.
“Telecom Italia needs to decide what it wants to be; the ‘grass may be greener’ as a media company, but Telecom Italia will have a hard time shedding its former image,” adds Holland.
Pyramid expects convergence to remain a compelling proposition for operators, but as Telecom Italia has proven, the path will not be easy.
If you want to access this Analyst Insight by Nick Holland, please follow the link below:
http://www.pyr.com/downloads.htm?id=6
About Pyramid Research
For twenty years, Pyramid Research has helped companies in the converging communications, media and technology industries stay ahead of market trends, understand competitive threats and capitalize on opportunities. We advise the world’s leading vendors, service providers, equipment manufacturers, and the financial community on how to implement best practices, build offensive growth strategies and drive profitability.
Press Contact:
Amalia Vega
Pyramid Research
E: avega@pyr.com
P: 617-494-1515 (ext. 231)
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