Exclusive: Italy ups the ante in plan to create single broadband network, sources say

mood · Aug 6, 2020

Exclusive: Italy ups the ante in plan to create single broadband network, sources say
August 6, 2020
https://www.reuters.com/article/us-...e-broadband-network-sources-say-idUSKCN2520M1

Italy is positioning to become an influential shareholder in the broadband operator it plans to create by brokering a merger of Telecom Italia’s (TIM) fixed-line access network with state-controlled Open Fiber, three sources said.

Rome, which sees a single, fast broadband network as crucial to closing Italy’s digital gap with the rest of Europe, aims to use the European funds to upgrade the former phone monopoly’s network from copper to fibre by 2025, a government source said.
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Under the government-sponsored plan, the broadband unit initially could be majority-owned by TIM, but should offer equal access to all market players and maintain a network ownership structure open to new operators, sources said.
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mood · Aug 20, 2020

Telecom Italia offers some flexibility on single network
August 20, 2020
https://www.reuters.com/article/us-...e-flexibility-on-single-network-idUSKCN25G0IR

Telecom Italia (TIM) won’t accept less than 50% of any single broadband network but is ready to show flexibility on issues such as governance and regulation, its CEO said in an interview published on Thursday.

The Italian government is trying to broker a deal between former phone monopoly TIM and smaller rival Open Fiber to merge their fibre assets and create a national champion.
But differences over issues like governance and regulation have created a deadlock.
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In an interview with Italian daily La Repubblica, Chief Executive Luigi Gubitosi said ideas such as TIM having a majority of the capital in a single network but only a minority of board seats, or creating different kinds of voting and non-voting shares made no sense.

“We can, however, consider governance arrangements such as qualified majority for certain decisions,” he said.
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Exclusive: Italy ups the ante in plan to create single broadband network, sources say

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Exclusive: Italy ups the ante in plan to create single broadband network, sources say

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