MILAN (Reuters) - The head of Vodafone Group said Italy's plan to create a single fast broadband network in which Telecom Italia would hold a majority stake could be a step backwards since it effectively amounted to renationalisation and re-monopolisation.
In an article in Politico on Wednesday, Nick Read said Rome was looking to recreate the fixed-line monopoly that previous Italian governments and EU institutions had dismantled.
"This would leave would-be fixed broadband providers with only one seller of wholesale access to the combined network - yet again Telecom Italia (TIM)," he said.
Last month TIM and state lender CDP agreed to create a national ultrafast grid operator combining the former phone monopoly's network assets with those of smaller rival Open Fiber.
Such an operator could be majority-owned by TIM but its independence ...
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