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Telecom Italia CEO says talks with Open Fiber over merger 'quite advanced'

Telecom Italia CEO says talks with Open Fiber over merger 'quite advanced'
FILE PHOTO: Telecom Italia's logo for the TIM brand is seen on building roof downtown Milan, Italy, May 20, 2016. REUTERS/Stefano Rellandini/File Photo   -   Copyright  Stefano Rellandini(Reuters)
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FLORENCE, Italy (Reuters) – Talks between Telecom Italia (TIM) and broadband infrastructure group Open Fiber over a possible merger of their networks are quite advanced, TIM’s chief executive said on Wednesday.

“I think it would be a positive operation for both companies,” Luigi Gubitosi said on the sidelines of a conference.

(Reporting by Silvia Ognibene, writing by Stephen Jewkes, editing by Francesca Landini)

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