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General

Italy to decide whether to use special powers on TIM by end-Oct

Monday 2 October 2017 | 08:44 CET | News
The Italian government will decide whether to use its special powers on Telecom Italia (TIM) by the end of October, said industry minister Carlo Calenda in an interview with business daily Il Sole 24 Ore. A government panel has already initiated the process that could lead to TIM being fined for failing to notify Rome that French media group Vivendi had assumed de facto control of the phone company and the country is also considering applying the so-called 'golden power' rule of 2012 to veto any changes in control or ownership of companies of strategic relevance. Calenda reiterated that there

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Categories: General
Companies: Telecom Italia / TIM / Vivendi
Countries: Italy
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