TIM denies Amos Genish is about to leave company

By:
Alan Burkitt-Gray
Published on:

Genish ‘100% committed’ to TIM, he says after rumours he is leaving, while Italian paper raises question of Orange acquisition

TIM has denied rumours in the Italian press that Amos Genish is to leave the company, where he has been CEO since September.

The original story came out in Il Sole 24 Ore newspaper, which has been a major source of information over Vivendi’s acquisition of a controlling stake in TIM and the Italian government’s reaction to it.

TIM issued a pair of statements in response to the report. “I am 100% committed to TIM’s relaunch and to the fine tuning of the 2018-20 strategic plan, which is a long term project for me both personally and professionally,” said Genish in the statement.

TIM chairman Arnaud de Puyfontaine, who was appointed last year by Vivendi, of which he is CEO, said: “On behalf of TIM board and as CEO of TIM’s main shareholder I confirm my complete trust to Amos Genish with whom we share strategy and vision. We are pleased with the progress until now and confident that Amos will carry on TIM’s relaunch with his usual passion.”

Genish was Vivendi’s chief convergence officer for some months before moving to TIM. He came into the Vivendi group when the French media company bought GVT, a Brazilian operator.

TIM has admitted that it is looking again at breaking the company into an infrastructure company and an entirely separate services company. The Italian government is unhappy with its critical national infrastructure – TIM’s fibre and subsidiary Sparkle’s international networks – being under foreign ownership. But a previous Telecom Italia board considered and rejected a similar proposal.

Meanwhile Il Sole 24 Ore has raised again the question of Orange buying control of TIM from Vivendi, with which it has no connection except that both Orange and Vivendi are French. The newspaper reports that last year’s talks over a potential merger with Deutsche Telekom were broken off at the insistence of the French government. But the Italian government seems unlikely regard Orange control as better than Vivendi control.