• Skip to main content
  • Skip to secondary menu
  • Skip to primary sidebar
  • Skip to footer
  • Articles
  • News
  • Events
  • Advertize
  • Jobs
  • Courses
  • Contact
  • (0)
  • LoginRegister
    • Facebook
    • LinkedIn
    • RSS
      Articles
      News
      Events
      Job Posts
    • Twitter
Datafloq

Datafloq

Data and Technology Insights

  • Categories
    • Big Data
    • Blockchain
    • Cloud
    • Internet Of Things
    • Metaverse
    • Robotics
    • Cybersecurity
    • Startups
    • Strategy
    • Technical
  • Big Data
  • Blockchain
  • Cloud
  • Metaverse
  • Internet Of Things
  • Robotics
  • Cybersecurity
  • Startups
  • Strategy
  • Technical

Telecom Italia shares drop as uncertainty clouds single network project

Reuters / 2 min read.
March 19, 2021
floq.to/6hKvr

MILAN (Reuters) – Shares in Telecom Italia fell as much as 5% on Friday on growing uncertainty over Italy’s plans for a single super-fast broadband network.

Rome has been trying to create a national network by merging Open Fiber, a small broadband firm owned by state lender Cassa Depositi e Prestiti (CDP) and utility Enel, with the landline grid assets of former monopoly Telecom Italia (TIM).

CDP is also TIM’s second largest shareholder behind French media giant Vivendi.

But the plan, for which TIM and CDP struck a preliminary accord last year, has not been finalised, and two ministers from Mario Draghi’s national unity government cast doubts over the project in recent days.

Industry Minister Giancarlo Giorgetti said on Wednesday Rome would re-examine the previous government’s plan for the single network to ensure it is feasible, adding it would make sense only if the network were under state control.

Innovation Minister Vittorio Colao on Thursday called for the stalemate over the project to be resolved as soon as possible to avoid holding up Italy’s broadband rollout plan, and said other options were also being considered.

“While the new ministers’ commitment to accelerate the ultra-broadband national coverage looks clear, how this should occur in their view is not,” Intesa Sanpaolo said in a report.

TIM shares were the top loser on Italy’s blue chip index, down 5.3% by 1034 GMT.

Draghi has put digital infrastructure at the heart of his government’s agenda but has yet to clarify whether he intends to implement the unified network project and under what terms.

TIM has repeatedly said it would not agree to holding less than 50% of any network company created from a combination with Open Fiber.

Under the plan backed by the previous government, TIM could initially own more than 50% if the value of the assets folded into the new player justified it, but would need to grant equal access to all market players. The final say on strategic issues would lie with the CDP.

“Governance remains the biggest issue to be solved on the single network project,” Mediobanca securities wrote in a note.

(Reporting by Giancarlo Navach and Elvira Pollina. Writing by Giulia Segreti. Editing by Mark Potter)

Categories: News
Tags: asset, BI, government, share

About Reuters

Primary Sidebar

E-mail Newsletter

Sign up to receive email updates daily and to hear what's going on with us!

Publish
AN Article
Submit
a press release
List
AN Event
Create
A Job Post

Jobs

  • Software Engineer | South Yorkshire, GB - February 07, 2023
  • Software Engineer with C# .net Investment House | London, GB - February 07, 2023
  • Senior Java Developer | London, GB - February 07, 2023
  • Software Engineer – Growing Digital Media Company | London, GB - February 07, 2023
  • LBG Returners – Senior Data Analyst | Chester Moor, GB - February 07, 2023
More Jobs
Host your website with Managed WordPress for $1.00/mo with GoDaddy!

Tags

AI Amazon analysis analytics app application Artificial Intelligence BI Big Data business China Cloud Companies company costs crypto customers Data design development digital environment experience future Google+ government industry information learning machine learning market mobile Musk news Other public research security services share social social media software strategy technology

News

  • Robinhood sees $100 million costs tied to regulatory issues in third quarter
  • Elon Musk’s X Corp in another legal fight over unpaid rent, this time as plaintiff
  • EU examines Nvidia-dominated AI chip market’s abuses – Bloomberg News
  • Valkyrie Funds halts ethereum purchases for exchange-traded fund
  • China’s Huawei sets up commodities hedging team in Singapore, Hong Kong
More News

Related Online Courses

  • Oracle Cloud Data Management Foundations Workshop
  • Data Science at Scale
  • Statistics with Python
More courses

Footer


Datafloq is the one-stop source for big data, blockchain and artificial intelligence. We offer information, insights and opportunities to drive innovation with emerging technologies.

  • Facebook
  • LinkedIn
  • RSS
  • Twitter

Recent

  • 5 Reasons Why Modern Data Integration Gives You a Competitive Advantage
  • 5 Most Common Database Structures for Small Businesses
  • 6 Ways to Reduce IT Costs Through Observability
  • How is Big Data Analytics Used in Business? These 5 Use Cases Share Valuable Insights
  • How Realistic Are Self-Driving Cars?

Search

Tags

AI Amazon analysis analytics app application Artificial Intelligence BI Big Data business China Cloud Companies company costs crypto customers Data design development digital environment experience future Google+ government industry information learning machine learning market mobile Musk news Other public research security services share social social media software strategy technology

Copyright © 2023 Datafloq
HTML Sitemap| Privacy| Terms| Cookies

  • Facebook
  • Twitter
  • LinkedIn
  • WhatsApp

In order to optimize the website and to continuously improve Datafloq, we use cookies. For more information click here.

Dear visitor,
Thank you for visiting Datafloq. If you find our content interesting, please subscribe to our weekly newsletter:

Did you know that you can publish job posts for free on Datafloq? You can start immediately and find the best candidates for free! Click here to get started.

Not Now Subscribe

Thanks for visiting Datafloq
If you enjoyed our content on emerging technologies, why not subscribe to our weekly newsletter to receive the latest news straight into your mailbox?

Subscribe

No thanks

Privacy Overview

This website uses cookies so that we can provide you with the best user experience possible. Cookie information is stored in your browser and performs functions such as recognising you when you return to our website and helping our team to understand which sections of the website you find most interesting and useful.

Necessary Cookies

Strictly Necessary Cookie should be enabled at all times so that we can save your preferences for cookie settings.

If you disable this cookie, we will not be able to save your preferences. This means that every time you visit this website you will need to enable or disable cookies again.

Marketing cookies

This website uses Google Analytics to collect anonymous information such as the number of visitors to the site, and the most popular pages.

Keeping this cookie enabled helps us to improve our website.

Please enable Strictly Necessary Cookies first so that we can save your preferences!