Telecom Italia to face moral suasion from Italy govt

www.WirelessFederation.com/news: Italy government has expressed that the only way to stop the merger of Telecom Italia and Telefonica SA is the moral suasion of the shareholders of the former.

Telecom Italia which is Italy’s largest telecom group is considered an asset by the country’s politicians who are disgusted to see it fall into the hands of a foreign operator. But at the same time, the Italian banks owning stakes in Telecom Italia are unsatisfied with their investment.

According to Telecommunications Deputy Minister Paolo Romani, in case of a merger with a multinational company, it would be important to maintain some kind of Italian governance for Telecom Italia, which would be able to decide on how to prioritize investments.