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Italy’s competition watchdog clears Telecom Italia fiber scheme By Reuters

ReutersBy No Comments2 Mins Read

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© Reuters. FILE PHOTO: The Tim emblem is seen at its headquarters in Rome, Italy November 22, 2021. REUTERS/Yara Nardi

MILAN (Reuters) – Italy’s competitors watchdog mentioned on Thursday it had authorized Telecom Italia (MI:)’s unit FiberCop co-investment scheme aimed toward boosting fiber rollout throughout the nation.

The watchdog mentioned in an announcement it had accepted commitments Telecom Italia (TIM) and co-investors Fastweb, a unit of Swisscom, Tiscali and U.S. funding fund KKR submitted after the probe was opened in December 2020.

TIM and different FiberCop buyers had agreed to conform to a raft of pledges aimed toward safeguarding competitors and supporting the event of the fiber infrastructure.

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