By Reuters
Telecom Italia (TIM) is set to appoint General Manager Pietro Labriola as CEO on Friday as the former phone monopoly weighs a response to a takeover approach by U.S. private equity investor KKR. Labriola, a veteran TIM executive who has run TIM's Brazilian operations for the last three years, was promoted to general manager in November, when former CEO Luigi Gubitosi stepped down following a string of profit warnings. Under pressure for years in its competitive domestic market, debt-laden TIM needs to upgrade its network to meet Italy's digital plans to boost broadband speeds for millions of households and businesses.
Via:: Sports Headlines
