August 2, 2019 / 11:36 AM / a month ago

Telecom Italia CEO says 'very constructive climate' for Open Fiber talks

FILE PHOTO: Optical fiber cables for internet providers are seen running into a Enel Group server room in Perugia, Italy, June 23, 2017. REUTERS/Alessandro Bianchi

MILAN (Reuters) - The head of Telecom Italia said on Friday talks with broadband infrastructure group Open Fiber over a possible tie up were continuing “in a very constructive climate”.

“We did present our options to the board and the board conferred a mandate to continue negotiations with Open Fiber shareholders,” Luigi Gubitosi told analysts in a call on second quarter results.

In June TIM signed a non-disclosure agreement with Open Fiber owners state lender CDP and utility Enel to start talks on ways of integrating their fibre optic networks.

Reporting by Elvira Pollina and Stephen Jewkes

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