Last month, Telecom Italia (TIM) signed a non-disclosure agreement with state lender CDP and utility Enel to kick off talks on ways of integrating its fiber optic network with that of smaller rival Open Fiber, including a possible merger, according to a report from Reuters.
When asked about the possible merger of TIM’s and Open Fiber’s networks on Friday, July 19, Antitrust Authority chief Angelo Cardani said, “Should the incumbent (TIM) control the new entity it would not just be a big U-turn but also a backward step.”
Reuters reported that subsequently, Cardani said he was not talking about a specific case, but that, generally speaking, any deal creating a monopoly reduces the benefits of competition.
Full Content: Reuters
Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.
Featured News
UK Probes Lindab’s Acquisition of HAS-Vent Amid Fears of Market Monopoly
Apr 28, 2024 by
CPI
Shein Faces EU Regulations Over User Data
Apr 28, 2024 by
CPI
Google Fights Back Against US Antitrust Lawsuit
Apr 28, 2024 by
CPI
US Homeland Security Establishes Blue-Ribbon Board with Tech CEOs to Advise on AI
Apr 28, 2024 by
CPI
FTC Accuses Amazon Executives of Using Disappearing Messaging Apps to Conceal Evidence
Apr 28, 2024 by
CPI
Antitrust Mix by CPI
Antitrust Chronicle® – Economics of Criminal Antitrust
Apr 19, 2024 by
CPI
Navigating Economic Expert Work in Criminal Antitrust Litigation
Apr 19, 2024 by
CPI
The Increased Importance of Economics in Cartel Cases
Apr 19, 2024 by
CPI
A Law and Economics Analysis of the Antitrust Treatment of Physician Collective Price Agreements
Apr 19, 2024 by
CPI
Information Exchange In Criminal Antitrust Cases: How Economic Testimony Can Tip The Scales
Apr 19, 2024 by
CPI