BREAKING NEWS

Italy economy minister sees gains from Telecom Italia network spin off

Now Reading:

Italy economy minister sees gains from Telecom Italia network spin off

Text size Aa Aa

ROME (Reuters) – Italian Economy Minister Pier Carlo Padoan said on Thursday there would be clear advantages to spinning off Telecom Italia’s <TLIT.MI> fixed-line network. <VIV.PA> Asked by Sky Italia TV if the network should be hived off, Padoan said: “To spin off the network … is a mechanism that boosts efficiency and competition and should thus be done where possible.” Telecom Italia (TIM) is controlled by France’s Vivendi <VIV.PA> TIM’s fixed-line network is estimated by some analysts to be worth up to 15 billion euros (13.49 billion pounds) and its purchase by the state has been mooted in the past.

(Reporting by Crispian Balmer)
euronews provides breaking news articles from reuters as a service to its readers, but does not edit the articles it publishes. Articles appear on euronews.com for a limited time.