Telecom Italia spin-off lacks political support - chairman

Tuesday 1 October 2013 | 17:46 CET | News
Telecom Italia Chairman Franco Bernabe confirmed in a letter addressed to the Italian Senate's Industrial and Telecommunications Commissions that his plans to spin off TI's fixed-line network through a proposed investment by state lender Cassa Depositi e Prestiti (CDP) lacked the required political support, reports Corriere della Sera. In the four-page letter, the TI Chairman called on the two commissions and the country's regulator (AgCom) to intervene swiftly in order to set up the CDP investment and clarify regulatory procedures. Bernabe concluded by highlighting the need for a capital

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Categories: General
Companies: Telecom Italia
Countries: Italy
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