Italian state lender cited as controller of merged TIM-Open Fiber broadband unit

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(Telecompaper) Italian state lender CDP could end up as the controlling shareholder of a new entity combining the fixed broadband network of Telecom Italia (TIM) and Open Fiber, according to unnamed sources cited by Italian daily La Repubblica. TIM had previously announced that it was open to talks with wholesale-only operator Open Fiber about merging their respective fibre-to-the-home (FTTH) assets and has reportedly discussed the idea with CDP and utility giant Enel, the 50 percent shareholders of Open Fiber.
Source: Industry News (syndicated from Telecompaper.com)

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