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Telecom Italia says news of network spin-off unfounded

Friday 17 October 2014 | 09:12 CET | News
Shortly after Telecom Italia's chairman rejected reports that the Italian government was planning to spin off its fixed-line network, the operator issued a statement confirming that the speculation is "wholly without foundation both in terms of the company's industrial plans, and from a legislative point of view." According to the report in Italian daily La Repubblica, the government was studying a plan to use its 'golden power' veto to force a network separation and sell a 40 percent stake in the resulting company to state-backed holding entity Cassa Depositi e Prestiti (CDP). Telecom Italia

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Categories: Fixed
Companies: Telecom Italia
Countries: Italy
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