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Telecom Italia board approves network spin-off plan
May 30, 2013 / 3:27 PM / 4 years ago

Telecom Italia board approves network spin-off plan

MILAN, May 30 (Reuters) - Telecom Italia said on Thursday its board had agreed to spin off its domestic fixed-line access network into a separate company.

In a statement, Italy’s biggest phone operator said it had asked management to continue talks with state-backed fund Cassa Depositi e Prestiti (CDP) for a possible acquistion of a stake in the network company. (Reporting By Danilo Masoni; Editing by Lisa Jucca)

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