Italy's Competition Watchdog Clears Telecom Italia Fiber Scheme
Reuters2022-02-24
Italy's competition watchdog said on Thursday it had approved Telecom Italia's unit FiberCop co-investment scheme aimed at boosting fiber rollout across the country.
The watchdog said in a statement it had accepted commitments Telecom Italia (TIM) and co-investors Fastweb, a unit of Swisscom, Tiscali and U.S. 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.
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