Shares in Telecom Italia fell more than 6 percent from the SLOT Milan market on Friday due to increased uncertainty about Italy's plans for a single high-speed broadband network.Rome sought to build a national network by combining Open Fiber, a broadband company jointly owned by state lender Cassa Depositi e Prestiti (CDP) and utility Enel, with Telecom Italia's fixed-line assets. (TIM) in the past that monopolizedBut the plan, which TIM and CDP agreed preliminary last year, has not been finalized and ministers from Mario Draghi's National Unity Government have raised doubts about the project in recent days.CDP is also TIM's second-largest shareholder after French media giant Vivendi.
Industry Minister Giancarlo Giorgetti said on Friday that a single network project was meant to help close Italy's digital gap with the rest of Europe and accelerate plans for a fast broadband launch funded by funds. Rejuvenation of the european union If a single-network project offers an answer to the broadband coverage goal, it's acceptable, if it hinders them, it becomes a problem," Giorgetti told a news conference.Innovation Minister Vittorio Colao on Thursday called for the project's stalemate revision as quickly as possible to ensure fast connections across the country by 2026, but said other options were being considered. together As the new minister's commitment to accelerating ultra-broadband national coverage will be evident. But how should this happen in their view? ”Intesa Sanpaolo said in the report.TIM shares were down 6.3 percent at 1330 GMT, in the European telecoms sector,
down 1.8 percent.Draghi has put digital infrastructure at the heart of the government's agenda. But it has not yet clarified whether he intends to undertake the turnkey network scheme and under what conditions.TIM has repeatedly said it does not agree to hold less than 50% of any network company built in the combination with Open Fiber.Under previous government-backed plans, TIM can initially own more than 50% if the value of the property folded into the new player makes sense. But it must provide equal access for all market players. The final words on the strategic issues will be at the CDP.Regulation remains the biggest problem to be solved in a single network project," Mediobanca Securities wrote in a note.