Telecom Italia Fined EUR116 Million in Fiber Case; To Appeal Decision
March 09 2020 - 2:41AM
Dow Jones News
By Mauro Orru
Telecom Italia SpA said late Friday that it would appeal a
decision from the Italian Competition Authority imposing a fine of
around 116 million euros ($130.8 million) in a fiber-development
case in Italy.
The Italian Competition Authority sanctioned Telecom Italia
after ascertaining that it engaged in anticompetitive practices
which delayed the development of fiber infrastructure in some parts
of the country.
Telecom Italia said the case is related to an investment project
which the Italian Competition Authority considered "abusive" toward
wholesale operator Open Fiber--a 50:50 joint venture between Enel
SpA and Italian state lender Cassa Depositi e Prestiti--which
should have delivered fiber infrastructure in certain areas using
public funds.
Write to Mauro Orru at mauro.orru@wsj.com; @MauroOrru94
(END) Dow Jones Newswires
March 09, 2020 02:26 ET (06:26 GMT)
Copyright (c) 2020 Dow Jones & Company, Inc.
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