Italy’s competition watchdog clears Telecom Italia fiber scheme
3:37 am Thursday, February 24th, 2022
MILAN (Reuters) – 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.
(Reporting by Elvira Pollina, writing by Giulio Piovaccari, editing by Maria Pia Quaglia)
