Advertisement
Advertisement

Italy aims to bring Telecom Italia network under state control

By:
Reuters
Updated: Nov 14, 2022, 13:21 GMT+00:00

ROME (Reuters) - Italy’s new government wants Telecom Italia's network to be under state control to speed up the digitalization of the economy, Industry Minister Adolfo Urso said on Monday.

Illustration shows Telecom Italia (TIM) logo

ROME (Reuters) -Italy’s new government wants to bring Telecom Italia’s (TIM) network under state control to speed up the digitalization of the economy, Industry Minister Adolfo Urso said on Monday.

“We need the network to be under public control,” Urso said at a business conference in Rome, dubbing the privatisation of Italy’s former phone monopoly in 1997 a “mistake”.

The remarks came as Prime Minister Giorgia Meloni’s right-wing administration reviewed options on how to combine TIM’s landline grid with that of smaller rival Open Fiber to create a single national broadband network.

One possibility is the so-called ‘Minerva’ project, which would involve a takeover bid for TIM by state lender Cassa Depositi e Prestiti (CDP), which controls Open Fiber.

An alternative plan, backed by TIM CEO Pietro Labriola, is a spin-off of its network and later merger with Open Fiber via a memorandum of understanding with CDP.

“The government strategy is to have a state-controlled network”, and it will decide “with one voice” how to reach this goal, Urso said on the sidelines of the Rome conference.

Last week, Economy Minister Giancarlo Giorgetti urged caution on the Minerva plan, saying it was something that needed to be extensively discussed within the government.

(Reporting by Elvira Pollina and Giuseppe Fonte; Writing by Federico Maccioni; Editing by Alvise Armellini and Jan Harvey)

About the Author

Reuterscontributor

Reuters, the news and media division of Thomson Reuters, is the world’s largest international multimedia news provider reaching more than one billion people every day. Reuters provides trusted business, financial, national, and international news to professionals via Thomson Reuters desktops, the world's media organizations, and directly to consumers at Reuters.com and via Reuters TV. Learn more about Thomson Reuters products:

Advertisement