It is evident that we want all companies to remain in the Italians' hands. But instead of that dream world, this is a globalized world of many competing nations. Right now, Spain is catching up with the Italians.
Italy's Secretary of State for Communications made these statements upon realizing that Telefónica will raise its participation in Telco by 66%, surprising those who wanted to Italianize the company.
This is the first race that Telefónica has won. The second will be to convince local partners that it is worth the effort to battle Mexican telecommunications titan Carlos Slim by relying on support from Enrico Letta. The third battle is a risky split up and sale of TIM Brasil. Alierta would kill two birds with one stone: cleaning up the Italian accounts and make the most of the divide and conquer strategy.