TIM board OKs Open Fiber network merger
As expected, Telecom Italia’s board has approved a plan to spin off its fixed access network and merge it with altnet Open Fiber.
As expected, Telecom Italia’s board has approved a plan to spin off its fixed access network and merge it with altnet Open Fiber.
The Italian government wants TIM to get involved in a national broadband monopoly but not control it. Tim’s not so keen.
Italy’s Government once again pushes for fibre asset merger to create single fibre-to-the-premise network.
Open Fiber has raised €3.5 billion from a pool of commercial banks, Cassa Depositi e Prestiti and the European Investment Bank (EIB) to fuel the firms FTTH push across Italy.
Open Fiber will receive a very welcome cash injection of €500 million as it continues its fibre rollout across Italy.
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