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Broadband

TIM considering acquisition of CDP's stake in Open Fiber - report

Wednesday 12 June 2019 | 09:34 CET | News
Telecom Italia (TIM) is mulling the acquisition of the 50 percent stake in wholesale operator Open Fiber held by Italian state lender Cassa Depositi e Prestiti (CDP), according to unnamed sources cited by business daily Il Sole 24 Ore. The report echoes a similar one published last week by Il Messaggero, with the sources suggesting TIM would give CDP shares in return for its holding and would then look to merge Open Fiber with the Flash Fiber joint venture it set up with Fastweb in 2016.

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