Italy to appeal against ruling it must pay 1 billion euros to Telecom Italia
Reuters
Published Apr 03, 2024 17:44
Updated Apr 03, 2024 17:56
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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Written By: Reuters
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