{"id":29904,"date":"2020-05-21T15:20:37","date_gmt":"2020-05-21T15:20:37","guid":{"rendered":"https:\/\/www.mobileworldlive.com\/?p=281773"},"modified":"2020-05-21T15:20:37","modified_gmt":"2020-05-21T15:20:37","slug":"telecom-italia-exploring-brazil-financial-service-move","status":"publish","type":"post","link":"https:\/\/itteacheritfreelance.hk\/wordpress\/index.php\/2020\/05\/21\/telecom-italia-exploring-brazil-financial-service-move\/","title":{"rendered":"Telecom Italia exploring Brazil financial service move"},"content":{"rendered":"

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\tTelecom Italia fleshed out details of a move into the financial services sector in Brazil, noting a partnership with C6 Bank would be up and running by the year-end.<\/p>\n

The operator began exploring the move in March, mooting a tie-up between its TIM Brasil business with the online bank as part of efforts to diversify its revenue streams.<\/p>\n

Telecom Italia CEO Luigi Gubitosi added detail about the move during the operator’s Q1 earnings call [1] this week, declaring the partnership would be the first between an operator and bank covering development of a “joint financial services solution”.<\/p>\n

The companies are currently exploring “sales and payment channel synergies,” along with the potential to expand the “distribution of offers and optimising costs”, he explained.<\/p>\n

While both businesses will remain independent, Gubitosi said the structure of the deal would enable TIM Brasil to take a minority stake in C6 Bank \u201cthrough a mechanism of objective-based compensation\u201d.<\/p>\n

[1] https:\/\/www.mobileworldlive.com\/featured-content\/top-three\/telecom-italia-opens-talks-to-hack-down-inwit-stake\/<\/p>\n\n

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Telecom Italia fleshed out details of a move into the financial services sector in Brazil, …<\/p>\n

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