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Telecom Italia considering wholesale unit spinoff - report

Wednesday 5 August 2015 | 08:55 CET | News
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Telecom Italia may carry out a reorganisation of the unit that leases its landline network to rivals to avoid antitrust damages of up to EUR 4 billion, according to unnamed sources cited by Bloomberg. The plan would involve folding the OpenAccess unit that guarantees equality of access to rival operators, into Telecom Italia's wholesale business. The measure is modelled on what the BT Group has done in the UK with its network arm Openreach, said the sources. Telecom Italia's board is set to review the plan at its 06 meeting. The move comes after Italy's Council of State upheld a EUR 104

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Categories: Fixed
Companies: Fastweb / Telecom Italia / Vodafone Italia / Wind
Countries: Italy
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