April 29, 2019 / 4:28 PM / 3 months ago

Italy antitrust extends Telecom Italia fiber probe to Sept. 30

FILE PHOTO: Telecom Italia's logo is seen at its headquarters in the Rozzano neighbourhood of Milan, Italy, May 25, 2016. REUTERS/Stefano Rellandini/File Photo

MILAN (Reuters) - Italy’s antitrust regulator said on Monday it had extended a probe into alleged market abuse by Telecom Italia over fiber optic rollout and wholesale pricing to Sept. 30.

The competition watchdog said it had granted the extension to give Telecom Italia (TIM) more time to organize its defense.

The investigation began almost two years ago after TIM, then headed by former CEO Flavio Cattaneo, announced plans to roll out fast broadband in uneconomic areas before later scrapping them.

TIM had initially said it would not roll out fiber in such areas, forcing Rome to step in with state subsidized tenders.

TIM was not immediately available for a comment.

Reporting by Stephen Jewkes; editing by Agnieszka Flak

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