Author with Massimo Gaggi of the book ‘Prophets, oligarchs and spies’ (Feltrinelli) on the era of digital capitalism, indicates the need to rethink Europe’s telecommunications policy
With the separation of the Tim network from services now envisaged in the industrial plan with the creation of a NetCo “it seems to me that a process that probably had to be done many years before is being completed”. This was stated in a conversation with Adnkronos by Franco Bernabè, now president of Acciaierie d’Italia, who was twice at the helm of the telephone company (the last from 2007 to 2013).
Is it desirable that Tim’s network returns to a public orbit, as it would be if the offer developed by CDP with the Macquarie fund were successful? “At the point where we are, it is inevitable, more than desirable. Inevitable – explains the manager – because two competing networks of that type do not survive, they both have problems; we need to give financial and growth space back to the network today. Not investments can be doubled.
“I was the first to hypothesize a separation of Tim’s network” from the services, recalls Bernabè, referring to the creation of “Open Access, which was the isolation of the network within Tim: then I had planned to form the company” . Open Access was created in 2008 to independently manage the entire access network, completely separate from the commercial functions of the Group.
Bernabè, author with Massimo Gaggi of the book ‘Prophets, oligarchs and spies’ (Feltrinelli) on the era of digital capitalism, indicates the need to rethink Europe’s politics. “Europe killed telecommunications with an industrial policy that was the opposite of what the USA and China did, with the sole aim of reducing costs for consumers, arriving at figures that are ridiculous given the quality of services that are provided, forcing operators to make a lot of investments with no return”. Now “it depends on what we want: a European technology industry or lowering prices to the point of survival for the industries that operate in this sector,” he concludes.