6/20/2019, 8:06 PM (Source: TeleTrader)
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Telecom Italia enters talks with Open Fiber

TIM S.p.A., also operating under the name Telecom Italia, announced on Thursday it entered talks with the owners of Open Fiber about "possible forms of integration" of the two networks.

The Italian telecommunications company stated it has signed a nondisclosure agreement with the investment bank Cassa Depositi e Prestiti (CDP) and energy giant Enel to discuss the feasibility of a merger of the two companies' fiber optic networks, which include corporate operations.

"The objective of the discussions is to verify the feasibility of such operation, the related procedures and the perimeter of activity subject to a possible agreement, based on the will of the parties and on the legislative and regulatory frameworks," the company said in the statement.

Breaking the News / MD