Italy to buy into TIM’s NetCo, pushing sale ahead

The Italian government has agreed to take a stake in TIM’s networks business, potentially speeding up the process and increasing the likelihood of the sale actually going ahead.
The Ministry of Economy and Finance late last week announced that it has signed a memorandum of understanding with the telecoms incumbent that should lead to it acquiring up to 20% of NetCo.
Given that the role of the state was always likely to be a crucial element of the NetCo sale, the news is highly positive for