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Pin to quick picksVodafone Share News (VOD)

Share Price Information for Vodafone (VOD)

London Stock Exchange
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Share Price: 68.44
Bid: 68.40
Ask: 68.44
Change: 0.62 (0.91%)
Spread: 0.04 (0.058%)
Open: 67.96
High: 68.74
Low: 67.82
Prev. Close: 67.82
VOD Live PriceLast checked at -

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Italy's innovation minister plays down single network plan

Sun, 06th Jun 2021 17:41

MILAN, June 6 (Reuters) - Italy's innovation minister
Vittorio Colao on Sunday played down the idea of creating a
single ultra-fast broadband network, a project supported by the
previous governing coalition.

Until a new government was sworn in earlier this year, Rome
had been working on a national network by merging small
broadband operator Open Fiber with the fixed access
network assets of Telecom Italia (TIM).

Last month, however, speculation emerged about doubts inside
the new coalition headed by former European Central Bank (ECB)
chief Mario Draghi over the plan to speed up fibre rollout
across the country.

Colao, a former CEO of telecoms group Vodafone, told
a conference that the government should be the "coach" of
private operators involved in creating the ultra-fast broadband
network and avoid emerging as the most important player.

"We should let small and large operators find their own
balance, if players don't want to play then the state will have
to intervene, but we have to guarantee the interest of citizens
not of specific companies," Colao said.

Rome, through state lender CDP, is the No. 2 shareholder in
TIM and is set to win control of Open Fiber.
(Reporting by Francesca Landini;
Editing by Alexander Smith)

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UPDATE: Vodafone pens EUR5 billion deal to sell Spanish arm to Zegona

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Vodafone to sell Spanish business to Zegona for up to €5bn

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CMA seeks feedback on Vodafone's planned merger with Three UK

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