A PYMNTS Company

Italy’s Antitrust Watchdog OKs Telecom Italia Fiber Deal

 |  February 27, 2022

Italy’s competition watchdog said it had approved Telecom Italia’s unit FiberCop co-investment scheme aimed at boosting fiber rollout across the country, reported Reuters.

The watchdog said in a statement it had accepted commitments Telecom Italia (TIM) and co-investors Fastweb, a unit of Swisscom, Tiscali and US investment fund KKR submitted after the probe was opened in December 2020.

TIM and other FiberCop investors had agreed to comply to a raft of pledges aimed at safeguarding competition and supporting the development of the fiber infrastructure.

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