TIM, ok to decree for MEF entry into Netco: the details

Maneuver first majority meeting on Monday focus on the resource

(Tiper Stock Exchange) – Green light from the Council of Ministers to the decree law that allows the entry of the Ministry of Economyalongside the American fund kkr, in the Netco company where the TIM fixed network will converge. The rules are contained in a decree law, rather than in a DPCM as initially assumed, because for the operation needed a regulatory basis.

“Taking strategic control of the telecommunications network and safeguarding jobs. Today is a first step”. Thus the Prime Minister, Giorgia Meloniexplained to the Council of Ministers the meaning of the decree which allows the MEF to participate in the company into which the fixed network of TIM . Provision which was then approved by the CDM. “Today, an extremely important measure arrives on the table at the Council of Ministers and concerns one of the great industrial dossiers that this government has inherited, which has been dragging on for decades and which no one has ever had the courage to tackle. I am referring to TIM: I will not enter in detail of the operation proposed by the Mef – he said – the Minister Giorgetti, but I want to emphasize here the political significance of our decisions. After finding a serious solution for ITA con an agreement with Lufthansa, European Commission pemitting, and which sometimes raises problems that we hardly understand, now the time has come to give a perspective to what was one of the international telecommunications champions. The direction taken by the Government is the one that the centre-right has always hoped for and supported: to assume strategic control of the telecommunications network and safeguard jobs. Today’s is a first step, which will obviously be followed by market logic, but we can finally say that in Italy there is a government that takes action to defend the national interest and the workers on such an important dossier. And that he has a strategy.”

With the decree law and the DPCM, the Council of Ministers “authorizes to participate in the offer and purchase operation, up to a maximum of 20%, of TIM’s Netco, together with Kkr and possibly other national subjects”. The underlined it Minister of Economy, Giancarlo Giorgetti, presenting the decrees that will allow the Mef to support the Kkr at the press conference after the CDM. “The stake will therefore be minority for a maximum amount of 2.2 billion. But it is a stake that is aimed at ensuring the use of special powers, the ability to influence in terms of strategy and security, in what we consider an infrastructure, the fiber telecommunications network, decisive for the future of the country”. “I hope that with this action we can give a stable and definitive picture to a a story that is experiencing an impasse and that in the coming months could see a definitive solution”, underlined the owner of the MEF. “It is possible” that CDP you participate in Netco, alongside Kkr and Mef nn the purchase of the network from TIM, but “taking into account the constraints of the Antitrust“, he also added Giorgetti.

According to what was filtered, the Prime Minister Giorgia Meloni iintends to go to Caivano, accepting the invitation of Don Maurizio Patriciello after the group abuse of the two cousins. The government aims to “clean up the area” di Caivano where the group abuses of two little cousins ​​took place, Meloni said, underlining that “there are no free zones for crime”. Announcing his intention to “accept Don Patriciello’s invitation to go there”, Meloni specified that his “it won’t be a simple visit: we will offer safety to the population”. And he added that the abandoned sports center “must be restored and made functional as soon as possible”.

tlb-finance