ROME (Reuters) - Italy's single broadband network operator cannot be controlled by a majority shareholder, the deputy industry minister said on Friday after Telecom Italia (TIM) <TLIT.MI> said it would not accept less than 50% of any network.
The Italian government is trying to negotiate a deal between the phone group and Open Fiber, which is jointly owned by state lender CDP and utility Enel <ENEI.MI>, to merge fibre assets and create a single national champion.
However, progress has been delayed as it seeks solutions over governance and regulation issues.
"Under a regulatory and antitrust profile, a single network company that supplies wholesale access services to all operators cannot be in the hands of a single, vertically integrated majority shareholder, " Stefano Buffagni told daily newspaper la Repubblica.
He had been asked ...
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