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Italy's competition watchdog clears Telecom Italia fiber scheme

Published 02/24/2022, 02:37 AM
Updated 02/24/2022, 02:41 AM
© Reuters. FILE PHOTO: The Tim logo is seen at its headquarters in Rome, Italy November 22, 2021. REUTERS/Yara Nardi
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MILAN (Reuters) - Italy's competition watchdog said on Thursday it had approved Telecom Italia (MI:TLIT)'s unit FiberCop co-investment scheme aimed at boosting fiber rollout across the country.

© Reuters. FILE PHOTO: The Tim logo is seen at its headquarters in Rome, Italy November 22, 2021. REUTERS/Yara Nardi

The watchdog said in a statement it had accepted commitments Telecom Italia (TIM) and co-investors Fastweb, a unit of Swisscom, Tiscali and U.S. investment fund KKR submitted after the probe was opened in December 2020.

TIM and other FiberCop investors had agreed to comply to a raft of pledges aimed at safeguarding competition and supporting the development of the fiber infrastructure.

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