Telecom Italia offers some flexibility on single network


MILAN (Reuters) – Telecom Italia (TIM) won’t accept less than 50% of any single broadband network but is ready to show flexibility on issues such as governance and regulation, its CEO said in an interview published on Thursday.
The Italian government is trying to broker a deal between former phone monopoly TIM and smaller rival Open Fiber to merge their fibre assets and create a national champion.
But differences over issues like governance and regulation have created a deadlock.
In an interview with Italian daily La Repubblica, Chief Executive Luigi Gubitosi said ideas such as TIM having a majority of the capital in a single network but only a minority of board seats, or creating different kinds of voting and non-voting shares made no sense.
“We can, however, consider governance arrangements such as …

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