Telecom Italia studies fiber-only option for broadband merger - sources [Reuters]
TELECOM ITALIA (TI.A)
US:NYSE Investor Relations:
telecomitalia.com/tit/en/investors.html
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Source: Reuters
Telecom Italia studies fiber-only option for broadband merger - sources - Reuters 3 Min Read MILAN, June 25 (Reuters) - Telecom Italia (TIM) is considering an option to merge its optic-fiber broadband unit, Flash Fiber, with rival Open Fiber as it looks for ways to create a national broadband network, two sources familiar with the matter said. The option is one of two to be discussed at a TIM board meeting on Thursday, with the other being a takeover of Open Fiber and then a merger of the two networks, the sources said. TIM is under pressure from its state shareholder, Cassa Depositi e Prestiti (CDP), to speed up development of a national network, eliminating duplication of infrastructure with Open Fiber and addressing Italy’s weak Internet usage. A merger of Flash Fiber — owned 80% by Tim and 20% by phone group Fastweb — and Open Fiber, jointly owned by CDP and utility Enel, would create a fiber-only network. That could present fewer competition concerns than the other option, a TIM
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