Telecom Italia suspends fixed network spin-off
16 July 2013 |
Italy’s incumbent operator, Telecom Italia, announced on Monday that it has postponed plans to spin off its fixed-line copper network.
The decision follows Italian regulator AGCOM’s proposal to cut the rate for competitors to access the company’s fixed line network.
In a meeting yesterday, the board considered AGCOM’s proposal but said it contained uncertainties which could affect the feasibility of the fixed network separation plan.
"Before proceeding with further stages of implementation of this plan, the consistency of its content and the regulatory path...must be verified," the board said in a statement.
Telecom Italia agreed the spin-off of its network in May this year, and earlier this month, was reportedly in discussions with a Qatari funds group for the stake sale.
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