4u Created
Image default
Business

Italy’s Colao welcomes single network deal if competition preserved By Reuters



© Reuters. FILE PHOTO: The Tim logo is seen at its headquarters in Rome, Italy November 22, 2021. REUTERS/Yara Nardi/File Photo

CERNOBBIO, Italy (Reuters) – Italy wants a stronger national telecoms network, Innovation Minister Vittorio Colao said on Saturday, adding this could be achieved by merging Telecom Italia (BIT:) (TIM) and Open Fiber assets as long as competition in the sector is maintained.

“What we’re keen on is a national telecoms infrastructure ensuring great performance and quality”, Colao told reporters on the sidelines of the Ambrosetti business forum.

“If this were to happen by combining parts of Telecom (Italia) with Open Fiber, that’s welcome as long as competition is preserved,” Colao added.

Italian state lender CDP, which controls Open Fiber, signed a preliminary accord with TIM in May aimed at creating a unified wholesale network operator under state control by merging TIM’s fixed network infrastructure with that of Open Fiber.

CDP is expected to submit a non-binding offer for TIM’s network later this month, two people close to the matter told Reuters.



Source link

Related posts

FedEx Earnings inline, Revenue Misses In Q4 By Investing.com

Sylvia Franklin

Chilean lake turns to desert, sounding climate change alarm By Reuters

Sylvia Franklin

Swimming-FINA votes to restrict transgender participation in elite women’s competition By Reuters

Sylvia Franklin