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Telecom Italia’s logo for the TIM brand is seen on a building in Rome, Italy, April 9 2016.REUTERS/Alessandro Bianchi/File Photo Acquire Licensing Rights
ROME, Aug 28 (Reuters) – Italy’s government has adopted the first step in a process aimed at taking strategic control of Telecom Italia’s (TIM) (TLIT.MI) landline grid, Prime Minister Giorgia Meloni said on Monday.
The cabinet was expected to approve a decree providing for the economy ministry to take a stake of up to 20% in the TIM infrastructure.
Without detailing what the government had approved, Meloni said in a statement Rome’s move would allow her administration to safeguard jobs in Tim.
Reporting by Giuseppe Fonte, editing by Gavin Jones
Our Standards: The Thomson Reuters Trust Principles.
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