Proving that Italy is as confused as ever, the much lauded Chairman of Telecom Italia has just resigned following his complete volte face at the telecom companies latest 180 degree strategy turn.
After a few years of repurchasing all of their mobile group TIM, the Chairman abruptly announced that they should sell the highly profitable mobile unit. Apparently he had had a little too much cappucino that day.
Fortunately the Italian politicians made him see sense (which is an extraordinary feat for any politician - let alone an Italian one) and so he gave up his master plan to merge Telecom Italia with Sky to create a European media powerhouse.
The new Chairman promises to stick to the original strategy if anyone can figure out what the hell that was. Oh well.
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