BREAKING NEWS

BREAKING NEWS

Italy antitrust extends Telecom Italia fibre probe to September 30

Italy antitrust extends Telecom Italia fibre probe to September 30
FILE PHOTO: A Telecom Italia tower is pictured in Rome, Italy, March 22, 2016. REUTERS/Stefano Rellandini/File Photo -
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Stefano Rellandini(Reuters)
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MILAN (Reuters) - Italy's antitrust regulator said on Monday it had extended a probe into alleged market abuse by Telecom Italia over fibre optic rollout and wholesale pricing to Sept. 30.

The competition watchdog said it had granted the extension to give Telecom Italia (TIM) more time to organise its defence.

The investigation began almost two years ago after TIM, then headed by former CEO Flavio Cattaneo, announced plans to roll out fast broadband in uneconomic areas before later scrapping them.

TIM had initially said it would not roll out fibre in such areas, forcing Rome to step in with state subsidized tenders.

TIM was not immediately available for a comment.

(Reporting by Stephen Jewkes; editing by Agnieszka Flak)

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