Telecom Italia wants favorable regulation to go ahead with spinoff

MILAN (Reuters) - Telecom Italia said on Monday it wanted to secure favorable regulatory conditions before taking any steps forward in its plan to spin off its fixed-line network after the local regulator cut tariffs its rivals pay to access the grid. "The company's board acknowledged that the uncertainties introduced by recent decisions taken by AGCOM might affect the feasibility" of the spinoff, the Italian phone company said in a statement late on Monday following an extraordinary board meeting. ...

via Tech News Headlines - Yahoo! News http://news.yahoo.com/telecom-italia-wants-favorable-regulation-ahead-spinoff-221815582.html