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Telecom Italia (TIM) shares rose by 3.4% on Wednesday as investors anticipated an acceleration of talks with Open Fiber to create a single ultra-fast broadband network in Italy.India's Supreme Court on Friday asked bankrupt telcos like RCom, Aircel, and Videocon Telecommunications to furnish details of companies using thier spectrum.The telecom operator recently said that Idea postpaid customers were migrated to ‘Vodafone Red’ plan. Italy is positioning to become an influential shareholder in a tightly regulated broadband operator it plans to create by brokering a merger of Telecom Italia's (TIM) fixed-line access network with state-controlled Open Fiber, three sources said.The Italian government needs more time to broker a deal between former phone monopoly Telecom Italia and state-controlled utility Enel over plans to create a single ultrafast broadband network, three sources told Reuters.Telecom Italia has asked state lender CDP to invest in its last-mile network to allay Rome's concerns over the planned sale of part of the grid to U.S. firm KKR, two sources close to the matter told Reuters.CSC, the Centre's special purpose vehicle (SPV) to deliver e-Governance services, is aiming to deploy as much as 5 lakh fibre-to-the-home (FTTH) connections to facilitate high-speed Internet access in India's villages by September this year.A war of words between Telecom Italia (TIM) and Open Fiber over the creation of a single broadband network in Italy escalated on Tuesday as Telecom Italia called its smaller rival's business model a "failure".A majority of the five-member Federal Communications Commission (FCC) has voted to approve an order to allow Ligado Networks' to deploy a low-power nationwide 5G network despite objections from the Defense Department and major U.S. airlines, two government officials told Reuters. Telecom Italia SpA's shares rose Wednesday after it posted better-than-expected results for the second quarter and raised the prospect of a possible decision on creating a single national broadband network at the end of August. Related posts: Big telcos have cut headcount by 9% since 2015 CEO Gubitosi to speak with officials to address concerns Telecom Italia (TIM) shares rose by 3.4% on Wednesday as investors anticipated an acceleration of talks with Open Fiber to create a single ultra-fast broadband network in Italy. Government requests delay to sale of secondary network At 1115 GMT, Telecom Italia shares traded 5.7% higher at EUR0.39.

“On the first, we will have to see the results.” CDP already owns 10% of the former incumbent and the government’s request was intended to ensure it has a role in the sale of the stake in the secondary network to KKR, the people said.In recent months, Gubitosi has reiterated that the carrier needs to keep control of the company once the full separation of the landline network is complete, while keeping the assets available for use by competitors. Updates with comment in last paragraph, updates share price. The decision to prevent Huawei from bidding for the Italian network … However, the government could ask Telecom Italia to cede control, according to people familiar with the matter.“The board of directors looked very favorably upon the idea to speed up the single network project and will be enthusiastically taking part in the works the government intends to launch over the next few hours,” Telecom Italia said in a statement. The Italian government interrupted Telecom Italia SpA’s Tuesday board meeting to halt the sale of part of its network to a private equity firm, just as executives were about to approve the deal. Telecom Italia’s project is key and the state is taking a broad strategic view on the matter, including the involvement of other institutional and market players, the official said.Italy on Tuesday also submitted a project to create a single network to the phone company’s board, the official said.Net income dropped to 118 million euros from 386 million euros a year earlier as the pandemic hurt footfall and depressed roaming fees. At 1115 GMT, Telecom Italia shares traded 5.7% higher at EUR0.39. Telecom Italia has announced its plan to separate its fixed access network division into a new independent legal entity, known as Netco. A television communications tower stands inside the headquarters of Telecom Italia SpA in Rozzano, near Milan.A television communications tower stands inside the headquarters of Telecom Italia SpA in Rozzano, near Milan.The Italian government interrupted Telecom Italia SpA’s Tuesday board meeting to halt the sale of part of its network to a private equity firm, just as executives were about to approve the deal.Telecom Italia shares rose as much as 5.2% in Milan trading, outpacing the FTSEMIB Index and the Stoxx 600 Telecommunications index.Finance Minister Roberto Gualtieri and Development Minister Stefano Patuanelli’s letter to Telecom Italia marks another major intervention by Prime Minister Giuseppe Conte’s government into a decision of a private listed company.

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