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Open Fiber requesting EUR 1.5 bln damages from TIM - report

Tuesday 30 June 2020 | 09:47 CET | News
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The Open Fiber venture of Italian utility giant Enel and state lender CDP is seeking EUR 1.5 billion in damages from Telecom Italia (TIM) for the latter's alleged abuse of its dominant position in the broadband market, according to two unnamed sources cited by Reuters. The damages claim was reportedly brought after Italy's competition watchdog AGCM fined TIM EUR 116 million in March for carrying out a "premeditated anti-competition strategy" to preserve its status in the ultra-fast broadband sector.

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Categories: Fixed
Companies: Open Fiber / Telecom Italia / TIM
Countries: Italy
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