Sunday, 17 January 2021

EU Commission gives thumbs up for TIM’s FiberCop

by Harry Baldock, Total Telecom
Friday 27 November 20

The Commission has been mulling the creation of FiberCop for almost three months now and today says that the move “cannot be considered a concentration under EU legislation”

TIM has today taken an important step towards the creation of FiberCop, with the EU Commission ruling that the deal can go ahead. "The European Commission decided that the operation... cannot be considered a concentration under EU legislation and therefore does not need to be notified under the European Merger Regulation…

TIM has today taken an important step towards the creation of FiberCop, with the EU Commission ruling that the deal can go ahead.

"The European Commission decided that the operation... cannot be considered a concentration under EU legislation and therefore does not need to be notified under the European Merger Regulation," said TIM in a statement.

Earlier this year, TIM spun-off its ‘last mile’ fibre network to create FiberCop, in which investment first KKR owns 37.5% and Fastweb retains 4.5% in the Flash Fiber joint venture. The idea behind the move is to allow numerous operators to co-invest in the fibre vehicle, thereby accelerating the adoption of ultra-broadband services around the country. 
 
Earlier this week, Tiscali agreed to commercial participation in the FiberCop project, allowing Tiscali to activate new customers on the newly established network. Whether or not Tiscali will ultimately seek a stake in FiberCop is currently certain. 
 
FiberCop is expected to begin operations early in 2021.
 
Further plans exist for an even larger broadband project, with the government seeking the merger of TIM’s FiberCop with Open Fiber, jointly owned by the Italian government and Enel. The current agreement suggests that TIM will own a majority stake in this joint venture, called AccessCo, with the government hoping the new company will help accelerate broadband rollout and avoid unnecessary infrastructure duplication.
 
However, the project does have its detractors, since it effectively recreates a fibre monolith with little domestic competition
 
 
Will we see more operators looking to take a share in FiberCop? Hear from the experts themselves at this year’s virtual Connected Italy
 
Also in the news:

 

Since you're here...

...the Telecoms industry is characterised by constant change and evolution. That's why it's crucial for telecoms professionals to keep up-to-date with what is happening. Join 35,000+ of your peers and sign up to our free newsletter service today, to be in the know about what is going on. PLUS, as a member you can submit your own press releases!

See all membership options

Please enable JavaScript to view the comments powered by Disqus.

Newsletter signup

Quickly get on board and up to date with the telecoms industry