Breaking News
0
Ad-Free Version. Upgrade your Investing.com experience. Save up to 40% More details

Italian prime minister says Mediaset could join planned broadband network

EconomySep 05, 2020 16:55
Saved. See Saved Items.
This article has already been saved in your Saved Items
 
2/2 © Reuters. FILE PHOTO: The Mediaset tower is seen at the headquarter in Cologno Monzese, near Milan 2/2

ROME (Reuters) - Italian media group Mediaset (MI:MS) could join the single national broadband network the government wants to see created, Prime Minister Giuseppe Conte said on Saturday, adding that rules on telecoms ownership in Italy might have to be revised.

"Why not?" Conte said, when asked by a journalist if Mediaset, controlled by the family of former prime minister Silvio Berlusconi, could also take part in the broadband project.

The comments came just days after an EU court ruling in a legal tussle between Mediaset and French group Vivendi (PA:VIV). The decision went Vivendi's way and raised questions about an Italian law that is designed to prevent a concentration of power in the telecoms and media sectors.

Conte said the government would have to read the full ruling carefully, but added: "From what has already been announced (by the court) ... it is reasonable to say it will force us to revise the rules regarding telecoms."

In the wake of the Sept. 3 verdict, Mediaset announced that it might now consider investing in the single broadband network the government is encouraging.

Rome has pushed Telecom Italia (TIM) (MI:TLIT), its smaller rival Open Fiber and state lender CDP to create a single national ultrafast grid operator to help Italy close its digital divide with other European countries.

Speaking at an event organised by Il Fatto Quotidiano newspaper, Conte said he hoped such a network could be completed within three to four years and that other companies would be welcome to take part.

"It will be an open and inclusive network," he said. "You talked about Mediaset. I am talking about all the companies in the telecoms sector. We want them all to take part."

Telecom Italia Chief Executive Luigi Gubitosi said other operators could join the project, adding that there would be no objection in principle to content providers like Mediaset taking part but it was still unclear whether they would want to.

"We still have to understand what interest content operators have, what they can bring and what they can get out of it," he told a conference in Cernobbio, outside Milan.

"If there's interest from anyone, it will be evaluated but it's not obvious from an industrial point of view."

Italian prime minister says Mediaset could join planned broadband network
 

Related Articles

Asian shares push higher, dollar eases
Asian shares push higher, dollar eases By Reuters - May 18, 2021

By Paulina Duran SYDNEY (Reuters) - Asian shares rose on Tuesday, shrugging off worries about an increase in regional coronavirus infections and a subdued session on Wall Street,...

Add a Comment

Comment Guidelines

We encourage you to use comments to engage with users, share your perspective and ask questions of authors and each other. However, in order to maintain the high level of discourse we’ve all come to value and expect, please keep the following criteria in mind: 

  • Enrich the conversation
  • Stay focused and on track. Only post material that’s relevant to the topic being discussed.
  • Be respectful. Even negative opinions can be framed positively and diplomatically.
  •  Use standard writing style. Include punctuation and upper and lower cases.
  • NOTE: Spam and/or promotional messages and links within a comment will be removed
  • Avoid profanity, slander or personal attacks directed at an author or another user.
  • Don’t Monopolize the Conversation. We appreciate passion and conviction, but we also believe strongly in giving everyone a chance to air their thoughts. Therefore, in addition to civil interaction, we expect commenters to offer their opinions succinctly and thoughtfully, but not so repeatedly that others are annoyed or offended. If we receive complaints about individuals who take over a thread or forum, we reserve the right to ban them from the site, without recourse.
  • Only English comments will be allowed.

Perpetrators of spam or abuse will be deleted from the site and prohibited from future registration at Investing.com’s discretion.

Write your thoughts here
 
Are you sure you want to delete this chart?
 
Post
Post also to:
 
Replace the attached chart with a new chart ?
1000
Your ability to comment is currently suspended due to negative user reports. Your status will be reviewed by our moderators.
Please wait a minute before you try to comment again.
Thanks for your comment. Please note that all comments are pending until approved by our moderators. It may therefore take some time before it appears on our website.
Comments (1)
Mustaf Sh Aadan Sugow
Mustaf Sh Aadan Sugow Sep 05, 2020 13:26
Saved. See Saved Items.
This comment has already been saved in your Saved Items
pppppppppppp
 
Are you sure you want to delete this chart?
 
Post
 
Replace the attached chart with a new chart ?
1000
Your ability to comment is currently suspended due to negative user reports. Your status will be reviewed by our moderators.
Please wait a minute before you try to comment again.
Add Chart to Comment
Confirm Block

Are you sure you want to block %USER_NAME%?

By doing so, you and %USER_NAME% will not be able to see any of each other's Investing.com's posts.

%USER_NAME% was successfully added to your Block List

Since you’ve just unblocked this person, you must wait 48 hours before renewing the block.

Report this comment

I feel that this comment is:

Comment flagged

Thank You!

Your report has been sent to our moderators for review
Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.
Continue with Google
or
Sign up with Email