Italy pushing telecoms merger to break broadband logjam - sources
Share:
MILAN/ROME (Reuters) - Italy's sovereign wealth fund is manoeuvring to pull off a multibillion-euro telecoms merger and end a prolonged corporate stalemate that has held up Rome's plans to create a national broadband network, sources say.Cassa Depositi e Prestiti (CDP), which has 425 billion euros (379 billion pounds) in assets, is a major shareholder in two crucial building blocks of any national network, former phone monopoly Telecom Italia (TIM) and its newer rival, Open Fiber.TIM and Open..