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Starace on the Telecom network: "No corporate hitches"

Enel's CEO cuts short the questions of journalists in Cernobbio and confirms that the option of a joint company for the grid is not on the agenda. More generally, "the euro at 1,2 against the dollar is not a problem but we will have to see how the situation evolves over time". The costs of the redevelopment in Chile less than 3 billion dollars

Starace on the Telecom network: "No corporate hitches"

“Are we very busy wiring? Italy is our mission and we are doing it well. We are not interested in "corporate gangs".

Enel's CEO, Francesco?Starace, returns to office at the Ambrosetti Forum on the subject of the Telecom network and the possible spin-off or transfer to a joint company, in which Open Fiber has an interest. The swde is that of Cernobbio and the manager replies to journalists who ask him if there are any plans? to acquire the Telecom network. As for Open Fiber, "doesn't exist" the? theme of a change at the top.

Starace then specified that "there is a lot of work to do and that is the focus". “All other combinations of corporate clusters more or
we are not interested in less complicated ones”, he points out. "We are not interested in talking about the Telecom network, it is out of place". The OPEN FIBER team “is
working on 80 new cities to be wired, works that will start from this month”. These 81 cities are part of the 271 already foreseen by the
floor.

“I do not comment on news on open markets concerning listed companies such as Telecom Italia or my shareholder”, replies OF president Franco Bassanini with fair play. As known, Of is 50% owned by Cdp and 50% by Enel.

Turning to other topics, "the euro-dollar exchange rate at 1,20 is not a problem" continued Starace. “There is a recovery, which is going on despite the euro. Before making judgments, time must pass and it will be necessary to see where the euro will arrive. It must be evaluated in the long term”. “We will also have to see what will happen after the German elections, which are crucial for Europe”.

As for the reorganization of the holdings in Chile, announced a few days ago, “it has just begun. The operation will cost less than 3 billion dollars, although for now we cannot estimate much less”.

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