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Telecom Italia ready to press on with unified network plan when Open Fiber decides - CEO

FILE PHOTO: Telecom Italia new logo is seen at the headquarter in Rozzano neighbourhood of Milan, Italy, May 25, 2016. REUTERS/Stefano Rellandini

MILAN (Reuters) - Telecom Italia TLIT.MI is ready to press ahead with a government-sponsored plan to merge its fixed network infrastructure with that of state-backed rival Open Fiber, Chief Executive Luigi Gubitosi said on Wednesday.

“We are ready to proceed, as soon as Open Fiber’s shareholders, I would say shareholder, takes a decision on the matter”, Gubitosi told analysts in a call on third-quarter results.

He said advisers on the deal had been appointed.

Open Fiber is owned by Italian utility Enel ENEI.MI and Italian state lender CDP.

Reporting by Elvira Pollina and Stephen Jewkes; editing by Agnieszka Flak

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