Telecom Italia (TIM) is set to sign off on a landmark deal with U.S. fund KKR on Monday that could lay the groundwork for plans to create a single ultrafast broadband network promoted by the Italian government.
FILE PHOTO: Telecom Italia logo is seen at the headquarters in Rozzano neighbourhood of Milan, Italy, May 25, 2016. REUTERS/Stefano Rellandini
But on Thursday the ruling coalition gave the go ahead to a Memorandum of Understanding setting out a road map for the creation of a high speed broadband network open equally to all operators and, crucially, acceptable to regulators. TIM and Open Fiber have been talking for over a year about ways of combining their assets, but negotiations have foundered on governance and regulation.
All market players should have equal access to the unified broadband network and its ownership structure should be open to newcomers, sources said. At a later stage, and subject to prior regulatory clearance, the plan is to merge FiberCop and Open Fiber. TIM would then fold its primary network, connecting switching centres to street cabinets, into FiberCop, giving the new player the entire fixed-access network.Enel is not expected to sign the MoU but sources said its CEO was onside with government plans.
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