Italy's Digital Value sees sales above 1 bln euros by 2025-adviser

Digital Value SpA

10/05/2023 16:36

MILAN, May 10 (Reuters) - Italian digital services
provider Digital Value  DGV.MI  expects to drive sales above 1
billion euros ($1.1 billion) by 2025 thanks to rising tech
investments by businesses and the public administration, a
strategic adviser to the firm said.
    "It is a target we can achieve," Marco Patuano, a veteran
Italian executive who sits on Digital Value's board, told
reporters. 
    Listed since 2018 on the Milan bourse, which is owned by
pan-European exchange Euronext, Digital Value on Wednesday
gained access to the main market, after its shares traded in the
past few years on the market for small- and medium-sized
enterprises, which has lighter access requirements.
    Such a move could help Digital Value, which specialises in
providing digital infrastructure services to big corporate and
public administration clients, to play an active role in the
sector's consolidation, Patuano said.
    A former Telecom Italia chief executive  TLIT.MI , Patuano
has been recently picked by Europe's largest mobile phone tower
operator Cellnex  CLNX.MC  as its new CEO. 
    He said he had received a waiver to keep his board seat at
Digital Value and his role as strategic adviser to the company.
    ($1 = 0.9084 euros)

 (Reporting by Elvira Pollina; editing by Valentina Za)
 ((elvira.pollina@thomsonreuters.com;))