November 22, 2018 / 3:17 PM / 19 days ago

Italy government has received no proposal for the spin-off of T. Italia's network

MILAN (Reuters) - Italy’s industry ministry said on Thursday it had not received any secret proposal for the spin-off of Telecom Italia’s (TIM) network.

In a statement, the ministry said legislation currently before parliament would create the conditions to make the setting up of a single broadband company “appetising and sustainable”.

Daily Il Messaggero said on Thursday a document was circling in ministry offices that proposed the creation of a new fixed-line network company - merging assets from TIM and smaller rival Open Fiber - that would be worth a combined 15 billion euros ($17 billion).

Reporting by Stephen Jewkes; editing by Agnieszka Flak

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