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FIBERCOP AND ILIAD SIGN CO-INVESTMENT AGREEMENT TO SPEED UP FIBRE ROLL-OUT IN THE COUNTRY

Rome, 9 August 2021

The TIM Group, through FiberCop, and iliad have signed an agreement to develop the Fiber-to-the-Home (FTTH) access market. The parties have in fact defined iliad’s participation in the co-investment project on the network of FiberCop, the Group company that creates the fibre optic secondary access network up to homes.

iliad’s endorsement of the co-investment offer – which the TIM Group implements through FiberCop – follows that of other national operators, such as Fastweb and the one being finalised with Tiscali, and confirms the validity of FiberCop’s investment plan, which ensures FTTH coverage for 75% of the grey and black areas of the country by 2025. TIM will also offer Iliad access to the primary fibre network. TIM will also offer iliad access to the primary fibre network.

The agreement confirms iliad’s commitment to making investments in order to contribute to the digitisation of the country and offer high quality connectivity with simple and transparent offers.

For TIM, the arrangement reached confirms the effectiveness of the co-investment model. This model allows all interested operators to participate in the development of optical fibre in Italy within a framework of infrastructural competition which will see the digital divide overcome faster at national level. Moreover, it will enable the migration of households and businesses to ultrabroadband connections with speeds of over 1 Gigabit per second.

iliad is the operator that has revolutionised the mobile market in Italy since its debut in 2018 with offers that combine quality and transparency. It has 13 offices in Italy and a proprietary network infrastructure that now covers 99.6% of the population using 4G technology, and an ever-increasing 5G network available in the main Italian cities. iliad has surpassed the threshold of 3,000 points of sale and its distribution network is made up of 21 iliad Stores, over 800 iliad Corners (including the Simbox distributed through large-scale retailing), over 1,500 iliad Express and more than 650 iliad Points. The mobile operator belongs to the iliad Group, the sixth largest mobile operator in Europe and parent company of Free. As of 30 June 2021, iliad Italia had over 7.8 million subscribers.

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Massimo Sarmi

President

Massimo Sarmi since November 2020 is President of FiberCop, a company controlled by TIM and created to innovate the network infrastructure and to ensure the acceleration of the digitalization process in Italy.

A business executive with significant professional experience, he boasts a curriculum full of top positions and results that have contributed to the development of the country.

Until April 2015 he was Chairman of Banca del Mezzogiorno as well as, until April 2016 Managing Director of the freeway concessionaire Milano Serravalle- Milano Tangenziali and Chairman of the freeway concessionaire Autostrada Pedemontana Lombarda S.p.A.
In 2013, he was appointed by Confindustria as delegate for the diffusion of advanced digital services.

From 2002 to 2014, he was Chief Executive Officer and General Manager of the Poste Italiane Group. At the helm of the Group, Sarmi has developed a strategy of strengthening the network of post offices, technological innovation, expansion of the range of services and entry into new business sectors, achieving significant financial results, with budgets with increasing profits. In 2010 he is also appointed President of the Global Cyber Security Center Foundation, an international organization for study and research for the security of digital communications established in Rome on the initiative of Poste Italiane.

In 2000 he was appointed Managing Director and General Manager of Siemens Italia.

In 1998, he was appointed General Manager of Telecom Italia.
In 1995 he was the first General Manager of TIM (Telecom Italia Mobile), the company born from the spin-off of the mobile radio division from Telecom Italia where Sarmi worked since 1986 covering roles of increasing complexity contributing to the development of innovative mobile and fixed telephony services.

He began his career as an officer in the Italian Air Force and then worked as an engineer. Sarmi’s commitments are numerous, including as a lecturer at La Sapienza University and LUISS University in Rome.

He has also been awarded the honours of “Cavaliere del Lavoro”, “Cavaliere della Gran Croce della Repubblica Italiana”, “Commendatore dell’Ordine di San Gregorio Magno”, “Grande Ufficiale dello SMOM” and “Commendatore dell’Ordine del Santo Sepolcro”.