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Italy’s competition watchdog clears Telecom Italia fiber scheme -Breaking

by Mike Robinson

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© Reuters. FILE PHOTO – The Tim logo can be seen in its Rome headquarters on November 22nd, 2021. REUTERS/Yara Nardi

MILAN (Reuters – Italy’s competition watchdog announced Thursday that it has approved Telecom Italia FiberCop, a unit co-investment scheme that targets increasing fiber rollout throughout the country (MI:).

According to the watchdog, it has accepted Telecom Italia’s (TIM) commitments and those of co-investors Fastweb. Fastweb is a unit from Swisscom, Tiscali, U.S. investment funds KKR, which was submitted following an investigation that began in December 2020.

TIM and FiberCop investors have agreed to comply with a series of promises aimed at supporting development and competition in the fiber industry.

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