the current macroeconomic scenario It is characterized by rising raw material and energy costs, slowing economic growth with very high inflation rates, and rising interest rates.european telecommunications sector We are also facing a new phase of technological innovation with investments in 5G, fiber optics, and innovative infrastructure (data centers, cloud technologies, etc.). In Italy, particularly strict regulations also put strong price pressures on the market. rules.
In this context, there is growing interest in TIM. large amount of debt The burdens resulting from historic corporate events are increasingly weighing on the company's profitability.
Our business plan for 2024-2026 is based on two pillars. The first one debt reductionThis will be reduced by €14.2 billion due to the sale of the fixed access network and increased by potential proceeds of approximately €2.9 billion, the sale of Sparkle and the recovery of the 1998 concession fee. The second pillar is Restoration of competitiveness Thanks in part to deregulation, services have increased significantly. Over the past two years, we have focused specifically on maximizing efficiency, building an ecosystem for fixed network sales (after 12 years of experimentation), and ensuring the fulfillment of our commitments to the nation to effectively implement our plans. conditions have been established. Strengthen the market (guidance) and return profitability to services.
