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Telecom Italia-Open Fiber deal could face 'insurmountable obstacles,' Bassanini says

By Matthew Newman and James Pressley ( March 13, 2019, 17:44 GMT | Insight) -- Telecom Italia and rival Open Fiber would face “insurmountable” antitrust obstacles if talks on merging their networks left them under the control of the former phone monopoly, Open Fiber Chairman Franco Bassanini said today. Bassanini stressed that the outcome of the talks was unpredictable, alluding to a running battle over the plan between TIM’s biggest shareholders — Vincent Bolloré’s Vivendi media company and Paul Singer’s Elliott hedge fund.Telecom Italia and rival Open Fiber would face “insurmountable” antitrust obstacles if talks on merging their networks left them under the control of the former phone monopoly, Open Fiber Chairman Franco Bassanini said today....

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