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TelecomItalia: agreement for the disposal of TE.SS to Accenture

12/20/2002 - 12:00 PM

Telecom Italia today initialed an agreement with Accenture for the disposal of 100% of TE.SS, the company that operates the administrative activities concerning the management of Telecom Italia Group’s personnel. The sale price is equal to approximately 8 million euros.

This deal, which falls under the programme to dispose of Telecom Italia Group non-core activities, is subject to approval by the relevant Antitrust authorities.

Following this agreement TE.SS shall continue to conduct operations for the Telecom Group, guaranteeing continuity of services of the highest order and ensuring protection of privacy enhanced by the innovation and management abilities that an international Group of Accenture’s pedigree can offer.

This move is a further example of Accenture’s strategy of expanding and developing its business ventures in services where it can leverage its technological and managerial skills. This particularly applies to HR services, in which the company operates through Accenture Human Resources Services and its 2,000 plus employees.