Wednesday, October 4, 2023

Telecom Italia Barred from Italy’s Single Broadband Network

By ET Bureau - August 21, 2020 1 Mins Read

Telecom Italia Barred from Italy__39

The minister has recently announced that a majority shareholder can’t hold the country’s single broadband network operator. This was done after the Telecom Italia (TIM) announced it would accept no less than 50% share of any network.

The government is planning to negotiate a contract between the communication group and Open Fiber. It is now owned by CDP and utility Enel, and the aim is to merge fiber assets for creating a single national champion.

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According to Stefano Buffagni, Italy’s Deputy Minister of Economic Development – “Under a regulatory and antitrust profile, a single network company that supplies wholesale access services to all operators cannot be in the hands of a single, vertically integrated majority shareholder.”

Source: Reuters


ET Bureau

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