Vodafone, Sky, WindTre urge Italy to create independent single network operator

Vodafone, Sky, WindTre urge Italy to create independent single network operator

Reuters  | Sep 21, 2020 21:10

Vodafone, Sky, WindTre urge Italy to create independent single network operator

MILAN (Reuters) - Vodafone (L:VOD), Comcast unit SKY (O:CMCSA) and WindTre on Monday urged Italy to create a single broadband communications network that can guarantee neutrality and independence for all players.

In August, Rome signed off on a plan to create a national unified fast broadband network designed in part to head off concern that Telecom Italia (TIM) (MI:TLIT), Italy's biggest phone group, could end up with too much sway over it.

Leaders of the three companies met on Monday with the chief executives of state lender CDP and TIM.

"The three CEOs hope the network plan can be developed in line with its premises, giving rise to a non-vertically integrated operator," they said in a joint statement.

TIM, with a large retail client division, has repeatedly said it wants to control any single grid while European regulations favour the adoption of a non-vertically integrated model outside TIM’s control.

Under the government's plan, TIM could have a majority of shares but would not have control of the board, while the grid would have to be open to all operators and acceptable to regulators.

Last week EU antitrust chief Margrethe Vestager declined to comment on the plan to create a single network through the merger of TIM's grid assets and those of smaller wholesale-only rival Open Fiber.

"One can imagine that you have a nationwide wholesaler. That is definitely imaginable ... The question of course is (whether) that is an independent wholesaler or the wholesaler also has ties vertically to retailers," Vestager said.

© Reuters. A branded sign is displayed on a Vodafone store in London

"That would be a competition assessment and that would be our approach no matter what country it would be concerned with,” she said.

Related News

Latest comments

Add a Comment
Please wait a minute before you try to comment again.
Discussion
Write a reply...
Please wait a minute before you try to comment again.

Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.

English (USA) English (India) English (Canada) English (Australia) English (South Africa) English (Philippines) English (Nigeria) Deutsch Español (España) Español (México) Français Italiano Nederlands Português (Portugal) Polski Português (Brasil) Русский Türkçe ‏العربية‏ Ελληνικά Svenska Suomi עברית 日本語 한국어 简体中文 繁體中文 Bahasa Indonesia Bahasa Melayu ไทย Tiếng Việt हिंदी
Sign out
Are you sure you want to sign out?
NoYes
CancelYes
Saving Changes

+

Download the Investing.com App

Get free real time quotes, charts and alerts on stocks, indices, currencies, commodities and bonds. Get free top of the line technical analysis/predictors.

Investing.com is better on the App!

More content, faster quotes and charts, and a smoother experience is available only on the App.

';