ROME, July 25 Italy's telecommunications
regulator has given the go-ahead to Telecom Italia's
plan to spin off its fixed-line network, after a preliminary
assessment of the project.
Separating the fixed-line network business would allow
Italy's biggest phone company to sell a stake in the operation
and help it pay off some of its debts.
"The proposal meets requirements for functional separation
set by (Europe's communications regulator) BEREC," Italian
regulator AGCOM said in a statement on Thursday.
AGCOM said it would start a further analysis on the spin-off
in September and called for Telecom Italia to submit additional
information and confirm its decision to pursue the project.
Telecom Italia and AGCOM have recently clashed over a
decision by the regulator to cut fees that rivals pay to access
its copper lines.
(Writing by Danilo Masoni, editing by Isla Binnie)