The next focusIR Investor Webinar takes places on 14th May with guest speakers from Blue Whale Growth Fund, Taseko Mines, Kavango Resources and CQS Natural Resources fund. Please register here.

Less Ads, More Data, More Tools Register for FREE

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)

Related Shares

More News
2 May 2024 07:03

Swisscom posts steady Q1 profit, says Vodafone Italia deal on track

May 2 (Reuters) - Telecoms group Swisscom reported a slightly lower first-quarter core profit on Thursday, but beat market expectations, as business...

2 May 2024 06:35

Swisscom plans completion of Vodafone Italia takeover in Q1 2025

May 2 (Reuters) - Swiss telecoms group Swisscom said on Thursday its takeover of Vodafone Italia is on track and expected to be completed in the fir...

16 Apr 2024 08:41

Vodafone appoints SAP's Marika Auramo as CEO of Business arm

(Alliance News) - Vodafone Group PLC on Tuesday said Marika Auramo has been appointed as chief executive of Vodafone Business.

16 Apr 2024 07:46

Vodafone taps SAP executive to lead business division

(Sharecast News) - Vodafone announced the appointment of Marika Auramo as chief executive of Vodafone Business on Tuesday, effective from 1 July.

4 Apr 2024 15:58

London close: Stocks manage gains ahead of US payrolls report

(Sharecast News) - London markets closed higher on Thursday, driven by a robust showing from the mining sector and as investors contemplated the UK se...

Login to your account

Don't have an account? Click here to register.

Quickpicks are a member only feature

Login to your account

Don't have an account? Click here to register.