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Telecom Italia Said to Weigh Revamp to Avoid $4.4 Billion Costs
2015-08-04 19:34:35.882 GMT
By Daniele Lepido
(Bloomberg) -- Telecom Italia may reorganize the business
that leases its landline network to rivals to avoid up to EU4b
in possible antitrust damages, people familiar say.
* The plan would involve folding OpenAccess unit, which
guarantees so-called equality of access to rivals, into the
wholesale business, creating entity similar to BT’s
Openreach
* Board to review the measures Aug. 6: People familiar
* Telecom Italia spokesman declined to comment; Vodafone,
Fastweb, competition authority representatives declined to
comment
* NOTE: Telecom Italia has been criticized for taking too
long/failing to provide physical access to rivals such as
Vodafone, Fastweb to Italy’s largest landline grid, citing
technical reasons
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To contact the reporter on this story:
Andrea Snyder in Washington at +1-202-624-1831 or
asnyder5@bloomberg.net
To contact the editors responsible for this story:
Andrea Snyder at +1-202-624-1831 or
asnyder5@bloomberg.net
2015-08-04 19:34:35.882 GMT
By Daniele Lepido
(Bloomberg) -- Telecom Italia may reorganize the business
that leases its landline network to rivals to avoid up to EU4b
in possible antitrust damages, people familiar say.
* The plan would involve folding OpenAccess unit, which
guarantees so-called equality of access to rivals, into the
wholesale business, creating entity similar to BT’s
Openreach
* Board to review the measures Aug. 6: People familiar
* Telecom Italia spokesman declined to comment; Vodafone,
Fastweb, competition authority representatives declined to
comment
* NOTE: Telecom Italia has been criticized for taking too
long/failing to provide physical access to rivals such as
Vodafone, Fastweb to Italy’s largest landline grid, citing
technical reasons
Story Link: NSN NSKP0V6K50XS<GO>
For Related News and Information:
First Word scrolling panel: FIRST<GO>
First Word newswire: NH BFW<GO>
To contact the reporter on this story:
Andrea Snyder in Washington at +1-202-624-1831 or
asnyder5@bloomberg.net
To contact the editors responsible for this story:
Andrea Snyder at +1-202-624-1831 or
asnyder5@bloomberg.net