Capital Calls: Telecom Italia’s singular problem

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outlining the government’s investment plans to broadband “networks” , as opposed to “network” . The implication is that Draghi wants to nix a long-planned merger between TIM’s network and smaller state-backed rival Open Fiber.

banker and European Central Bank chief, probably lacks the interventionist instincts of his predecessor, Giuseppe Conte. And it would have been quick and easy to clear up any confusion over the wording. The fact Rome is yet to do so suggests Draghi may indeed be lukewarm about an idea that always looked good for TIM shareholders and less so for Italian broadband users.

 

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