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Italy: Telecom Italia’s revolutionary plan to break-up network

By  |  May 30, 2013
Italy: Telecom Italia’s revolutionary plan to break-up network

Telecom Italia has set a precedent for the European Union’s phone market as its board approved to break-up its fixed-line network in half, allowing the company to create a new entity out of its copper and fiber assets. According to one source, the assets are worth more than $18 billion. As Europe’s telecommunications companies anticipate regulatory changes and rally for more lenient rules for mergers, Telecom Italia has also reportedly agreed to continue its discussions with state lender Cassa Depositi e Prestiti in a deal that would land a stake in the mobile operator in Cassa Depositi’s hands. The plans must first be approved by Italy’s telecommunications regulator Agcom to assure that competing companies have access to Telecom’s transmission network, according to reports.

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