Italy may consider raising its stake in TIM, says PM

Italy might consider raising its stake in former phone monopoly Telecom Italia(TIM) as part of a plan to speed up the rollout of ultra-fast internet across the country, Prime Minister Giuseppe Conte said on Monday.The Italian government sees building an ultra-fast broadband network as crucial to reviving its coronavirus-hit economy.It has called on TIM and rival Open Fiber to reach an accord quickly on creating a single ultra-fast broadband network to avoid costly duplication of investments.