August 2, 2019 / 11:29 AM / 18 days ago

Telecom Italia CEO says "very constructive climate" for Open Fiber talks

MILAN, Aug 2 (Reuters) - The head of Telecom Italia said on Friday talks with broadband infrastructure group Open Fiber over a possible tie up were continuing “in a very constructive climate”.

“We did present our options to the board and the board conferred a mandate to continue negotiations with Open Fiber shareholders,” Luigi Gubitosi told analysts in a call on second quarter results.

In June TIM signed a non-disclosure agreement with Open Fiber owners state lender CDP and utility Enel to start talks on ways of integrating their fibre optic networks. (Reporting by Elvira Pollina and Stephen Jewkes)

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