Italian network equipment company Italtel has appointed a new chairman and CEO, Umberto de Julio and Stefano Pileri.
The appointments follow the completion of the company’s E341m refinancing and E70m capital increase.
Italian incumbent Telecom Italia and…
Italian network equipment company Italtel has appointed a new chairman and CEO, Umberto de Julio and Stefano Pileri.
The appointments follow the completion of the company’s E341m refinancing and E70m capital increase.
Italian incumbent Telecom Italia and US technology giant backed the capital increase, while the refi was backed by Unicredit, BPM, GE Interbanca, Banco Popolare and UBI.
“We positively ended a crucial period for Italtel. The approval of the re-capitalization and re-financing plans pave now the way for us to achieve the goals we set in our industrial plan” CEO Stefano Pileri said. “Starting from today – he added – thanks to the renewed support from our shareholders, we look at our future with new optimism as we put Italtel back on a success path with all our assets in terms of competitiveness and top level technological knowledge”.
Umberto de Julio, on behalf of the Board of Directors, thanked outgoing Chairman Roberto Quarta for his commitment and his highly appreciated work in the company’s re-launching.
