Tim, put off the rearrangement on the floor. One network, Brussels on alert

Brussels gave the green light for the unconditional reorganization of Open the fiber, complete with Enel of capital and entry into the Australian Fund Macquarie by 40%. and with Cassa Depositi e Prestiti Which will rise from 50% to 60% of the capital.

According to Antonella Oliveri to Il Sole24Ore, the European Commission was to make clear that the deal “does not raise antitrust concerns given the absence of horizontal overlaps or vertical relationships between Macquarie’s and Open Fiber’s activities.”

In terms of the competitive profile, the growth of Cdp (also contributor to Telecom Italia TIM, at 10%) in the capital, the situation does not change, “but the reference to the basic principles of antitrust, in connection with the double participation of Kassa” would in any case cause some bewilderment. In other words, Brussels’ position “doesn’t look like a redemption of a single network”.

Meanwhile since then Extraordinary advice from Telecom Italia TIM No news emerged either on the network or about any group reorganization initiatives aimed at strengthening the company’s assets. It seems that everything has been postponed for the formulation of the strategic plan 2022-2024.

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Thelma Binder

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