CDP could double stake in TIM

18 Feb 2019

Italian state lender Cassa Depositi e Prestiti (CDP) could be looking to increase its stake in Telecom Italia (TIM) to around 10% over the next twelve months, a report from Reuters suggests. The body currently holds just under 5% of TIM’s shares and is looking at its stake in the telco as a long-term investment in a sector which is of ‘primary interest for the country’.

CDP also holds 50% in wholesale network operator Open Fiber and there have been calls for TIM and Open Fiber to merge their respective fixed network operations to avoid duplication of infrastructure and ensure a wider coverage for broadband internet services.

Italy, Telecom Italia (TIM), Telecom Italia Group (TIM Group)