What to say ?

There really is not much to say, looking at my country, watching politicians, looking at my company, looking to the future.
Better watch the World Cup and think about your next vacation.

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Telecom Italia's Fate

Telecom Italy yesterday saw its shares traded at less than 0.9 euros. Given symbolically devastating as the controlling shareholder (Telco) paid to Tronchetti Provera (the previous shareholder) a figure well over two euros per share.
But not 'the only problem for Telecom Italy.
In addition to the debt of almost 35 billion euros, the corporate structure is complex and is intertwined with the strategies of the member 'industrial' Telco, Spanish Telefonica.
So check Telco Telecom Italy, Telefonica controls Telco.
Both Telefonica, Telecom and Italy have substantial investments in South America. Telecom are the last remaining overseas investment.
In Argentina, the plot has caused no end of official documents.
Now is the time in Brazil, where Telecom subsidiary TIM Brasil, while Telefonica, along with a Portuguese operator, controls another mobile operator.
Telefonica now wants to 'get rid' of the Portuguese partner.
If the transaction from going through, Brazil would open antitrust problems, since two of the major mobile operators would refer to a person 'unique'.
Apart from this, one wonders: Telefonica, shareholder / competitor of Telecom Italy, that interest will solve the problems of Telecom?
Behind these industrial and financial scenarios, there are Italian users who are compelled to have the reference operator (Telecom 'ensure' universal service) an ailing companies, leveraged and further immobilized by the current corporate structure.
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A sad future

On Metro, an International free newspaper, an article appeared today:

"In 2030 Italy poorer and older."

In that article many statistics supported that idea.
Only 20 years from now, not so much time left.

I actually think that Italy will be poorer in just 5 or 10 years, because today nobody is taking the necessary care to the economical and political situation to avoid this.

I already spoke in another post about Technological and Scientific state in Italy, explaining that new generations must go to other countries to work.

My company is the best example of a big company destroyed by Italian greed and lack of future vision; in only 13 years, since privatization they have destroyed a great heritage of one of the most important Telecommunication Company in the world.

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