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| Share Name | Share Symbol | Market | Type |
|---|---|---|---|
| Telecom Italia SpA | BIT:TIT | Italy | Ordinary Share |
| Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| -0.0003 | -0.13% | 0.2259 | 0.2254 | 0.2267 | 0.2293 | 0.2256 | 0.2262 | 98,212,717 | 17:00:00 |
From May 2019 to May 2024
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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