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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