TIM submits to Italian golden power

Telecom Italia has confirmed it will cooperate with the Italian government following Vivendi’s increased presence and influence at the business.
Last month the Italian government broke out its golden power rule, which will now allow it to exercise influence over the strategic decisions made by TIM. The rule itself allows the government to protect what it deems are strategically valuable assets from external influences, though it is the first time the rule has actually been used.
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