TIM signs MoU to merge fibre network with Open Fiber
Italian telco TIM and Open Fiber – as well as investors CDP, Macquarie and KKR – have signed a document designed to bring the two fibre networks under one roof.
Italian telco TIM and Open Fiber – as well as investors CDP, Macquarie and KKR – have signed a document designed to bring the two fibre networks under one roof.
Italian telcos TIM and Open Fiber have won government funding worth a total of €3.4 billion to roll out high-speed fixed broadband to uneconomic areas of the country.
Italian operator group TIM has formally agreed to begin talks with CDP with a view to defining the terms of a merger with Open Fiber by the end of April.
TIM is set to allow Open Fiber to use its ducts and poles to extend fibre broadband to unserved areas of Italy.
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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