Telecom Italia U-turn

Just as we discussed in our last post the limited value of FMC, so we see that Telecom Italia has U-turned on it's convergence plans with the likely divestment of TIM in Europe and Brazil. Lots of uncertainty about why exactly (but probably nothing to do with the subtleties of user value we describe below!)

Here are some useful perspectives from analysts today:
Communications Breakdown Blog
EuroTelcoBlog
Disruptive Analysis