Telecom Italia offers some flexibility on single network
MILAN (Reuters) – Telecom Italia (TIM) is not going to accept decrease than 50% of any single broadband network nevertheless is ready to current flexibility on factors much like governance and regulation, its CEO said in an interview revealed on Thursday.
The Italian authorities is trying to supplier a deal between former phone monopoly TIM and smaller rival Open Fiber to merge their fibre belongings and create a nationwide champion.
But variations over factors like governance and regulation have created a deadlock.
In an interview with Italian day-to-day La Repubblica, Chief Executive Luigi Gubitosi said ideas much like TIM having a majority of the capital in a single network nevertheless solely a minority of board seats, or creating fully different types of voting and non-voting shares made no sense.
“We can, however, ponder governance preparations much like …