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Open Fiber CEO sees possible binding deal on single network project by Oct 31

Open Fiber CEO sees possible binding deal on single network project by Oct 31

reuters.com · 06/10/2022 08:00
Open Fiber CEO sees possible binding deal on single network project by Oct 31

- The head of broadband network company Open Fiber said on Friday a binding deal on the single network project with rival Telecom Italia (TIM) TLIT.MI could be reached by Oct. 31 "if all players show willingness".

Speaking at a news conference, chief executive Mario Rossetti also said the company's business plan -- which will be updated after the summer to include commercial grey areas -- was currently not affected by the memorandum of understanding on the single network project signed with TIM.

TIM and Open Fiber's top investor, state lender CDP - which also has a 10% stake in TIM - are in talks to clinch a preliminary agreement to merge the former phone monopoly's network infrastructure with those of state-backed rival.



(Reporting by Elvira Pollina, writing by Maria Pia Quaglia, editing by Gianluca Semeraro)

((mariapia.quaglia@tr.com; +39 06 80307737;))