((Automated translation by Reuters, please see disclaimer https://bit.ly/rtrsauto))
The chief executive of Telecom Italia (TIM) said in an interview on Thursday that he sees potential additional profits of almost 5 billion euros ($5.37 billion) from a new business plan, adding that they could partly be used for dividends and actions aimed at accelerating growth.
Speaking to Italian daily Il Messaggero, Pietro Labriola also said there were several possible outcomes for the ongoing negotiations regarding the sale of TIM’s Sparkle unit, which could be concluded soon.
Mr Labriola said there was no reason to believe that Telecom Italia’s plan to sell its fixed network to US fund KKR KKR.N – the centerpiece of its corporate strategy – would not be concluded in the planned deadlines.
($1 = 0.9308 euros)