In recent days TIM announced the agreement with Santander Consumer Finance for consumer credit for mobile and fixed products and services, mainly for provide loans for the purchase of terminals in installments.
The joint venture between TIM and Santander Consumer Finance will give life to one new society controlled 51% by Santander Consumer Bank and 49% by the Italian operator and will start operating already next year.
According to Luigi Gubitosi, Chief Executive Officer of TIM, the company's first objective is to exploit Santander Consumer Finance's experience in the sector, proven by numerous successful collaborations throughout Europe, to free up capital and reduce credit-related risk in loans for the purchase of terminals in installments, without excluding the possibility of proposing other insurance and consumer credit products.
The collaboration will also allow TIM to increase revenues and optimize profits thanks to a time to market fast and at favorable conditions, while Santander Consumer Finance will be able to establish itself as a leader on the Italian market by collaborating with a solid brand like TIM.
TIM is the right operator for those who want a reliable network and a wide general coverage, however this aspect is reflected in the prices of the tariffs that are more expensive if compared to those of some other operators, but the offers winback is operator attack propose significantly more inviting figures and less than 10 euros per month.