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Tim, on the unbundling of the Calenda-Genish summit network: news in sight

Friday the meeting between the Minister of Economic Development, Carlo Calenda, and the new CEO of the telephone company, Amos Genish to verify whether the hypothesis of the spin-off of the network can accelerate with a spin-off open to Cdp and then to Open Fiber – The markets await news

It may also be true that three clues are not yet proof but the signs of movement around the Telecom Italia network, today Tim, are multiplying. The idea of ​​a spin-off and a corporateisation of the network on the Terna or Snam model is not far-fetched and the top management of the telephone company, but above all the French of Vivendi who are the first shareholders, are convincing themselves to get out of the corner, avoid the damages of the golden power approved by the Government and recover freedom of maneuver on the Mediaset side.

The clues that the network spin-off Tim can gain share have followed one another at an impressive speed. First, Tim's president, Arnaud de Puyfontaine, who is also Vivendi's CEO, made it clear that his company is willing to discuss the future of the network without prejudice. Then the president of Cassa depositi e prestiti (Cdp), Claudio Costamagna said on TV that his company would be ready to consider joining Tim if the government asked him to. Finally, the president of the Democratic Party, Matteo Orfini, circulated a party document in which the state of the network infrastructures is reviewed in order to accelerate the development of ultra-broadband in Italy and the unbundling of the Tim network and its confluence into a new company open to CDP and other partners such as Open Fiber (Enel group) to avoid absurd and costly competition between telephone networks.

The scenario indicated by Orfini, which both Prime Minister Paolo Gentiloni and the secretary of the Democratic Party Matteo Renzi agree on, is not by chance the one suggested for months by the president of Open Fiber, Franco Bassanini.

The novelty is that Tim's new CEO, Amos Genish, would also take this path. And this is what Minister Calenda will verify on Friday during the first meeting with the CEO. But, according to what "la Repubblica" writes today, the other novelty would be represented by the acceleration of the unbundling of the Tim network, because both in the Government and in the companies there is a growing conviction that an operation of this importance is better to put it in safety immediately and that is to carry it out before the next spring general election to avoid the uncontrollable variables that could come out of the polls.

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