MILAN (Reuters) - Italy’s state holding CDP said on Thursday its board had approved the purchase of additional shares in Telecom Italia (TIM), in which it already owns around 5 percent.
The statement did not provide details on the amount of additional shares whose purchase was approved.
CDP, controlled by the Italian Treasury, also has a 50 percent stake in Open Fiber, a TIM rival which is building a fast fiber network in the country. CDP backs the idea of creating a single broadband network, its chief executive said earlier this month.
Reporting by Silvia Aloisi