A PYMNTS Company

Italy: State fund under watch for nabbing more of telco network

By  |  July 23, 2013

State-backed fund Cassa Depositi e Prestiti, or CDP, is looking to acquire the fixed-line operations of Telecom Italia, a buyout that would add to CDP’s telco portfolio but one that raised concerns with antitrust watchdogs. The nation’s competition regulator announced plans to look into the deal to evaluate its effect on competition, said Antitrust President Giovanni Pitruzzella. CDP currently owns a stake in Metroweb, a fiber-optic network based in Milan, through its investment fund. The additional buyout may affect competition in the sector, said Pitruzzella in Senate testimony on Tuesday.

Full Content: Reuters

Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.