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Italy to appeal against ruling it must pay 1 billion euros to Telecom Italia

Published 03/04/2024, 17:44
Updated 03/04/2024, 17:56
© Reuters. Telecom Italia new logo is seen at the headquarter in Rozzano neighbourhood of Milan, Italy, May 25, 2016.    REUTERS/Stefano Rellandini/File Photo

MILANO (Reuters) - The Italian government said it would appeal to the Supreme Court against a ruling on Wednesday that ordered it to return about 1 billion euros ($1.08 billion) to Telecom Italia (BIT:TLIT) (TIM).

A Rome appeals court ruled in favour of the telecoms company, which was seeking to recover a licence fee it was required to pay to the state in 1998, the year after the telecoms sector was deregulated.

The prime minister's office said in a statement it would ask that the ruling be suspended until its appeal is heard.

($1 = 0.9236 euros)

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