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Exclusive: Italy ups the ante in plan to create single broadband network, sources say

ROME (Reuters) – Italy is positioning to become an influential shareholder in the broadband operator it plans to create by brokering a merger of Telecom Italia’s (TIM) fixed-line access network with state-controlled Open Fiber, three sources said.

FILE PHOTO: Telecom Italia logo is seen at the headquarters in Rozzano neighbourhood of Milan, Italy, May 25, 2016. REUTERS/Stefano Rellandini/File Photo

The plan, championed by Economy Minister Roberto Gualtieri from the co-ruling centre-left PD party, envisages transferring a broad range of TIM assets into the new player, which could be a candidate for grants from Europe’s recovery fund.

Those assets include TIM’s network that runs from switching centers to households.

Rome, which sees a single, fast broadband network as crucial to closing Italy’s digital gap with the rest of Europe, aims to use the European funds to upgrade the former phone monopoly’s network from copper to fibre by 2025, a government source

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Exclusive: Italy ups the ante in its plan to create a single broadband network – sources

ROME (Reuters) – Italy is positioning to become an influential shareholder in a tightly regulated broadband operator it plans to create by brokering a merger of Telecom Italia’s (TIM) fixed-line access network with state-controlled Open Fiber, three sources said.

FILE PHOTO: Telecom Italia logo is seen at the headquarters in Rozzano neighbourhood of Milan, Italy, May 25, 2016. REUTERS/Stefano Rellandini/File Photo

The plan, championed by Economy Minister Roberto Gualtieri from the co-ruling centre-left PD party, envisages transferring a broad range of TIM assets into the new player, which could be a candidate for grants from Europe’s Recovery fund. Those assets include TIM’s network that runs from switching centers to households.

Rome, which sees a single, fast broadband network as crucial to closing Italy’s digital gap with the rest of Europe, aims to use the European funds to upgrade the former phone monopoly’s network from copper to fibre by 2025, a

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Exclusive: Trump gives Microsoft 45 days to clinch TikTok deal

NEW YORK/WASHINGTON (Reuters) – President Donald Trump only agreed to allow Microsoft Corp (MSFT.O) to negotiate the acquisition of popular short-video app TikTok if it could secure a deal in 45 days, three people familiar with the matter said on Sunday.

FILE PHOTO: People walk past a logo of Bytedance, the China-based company which owns the short video app TikTok, or Douyin, at its office in Beijing, China July 7, 2020. REUTERS/Thomas Suen/File Photo

The move represents an about-face for Trump and prompted the U.S. tech giant to declare its interest in the blockbuster social media deal that could further inflame U.S.-China relations. Trump said on Friday he was planning to ban TikTok amid concerns that its Chinese ownership represents a national security risk because of the personal data it handles.

The proposed acquisition of TikTok, which boasts 100 millions U.S. users, would offer Microsoft a rare opportunity

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Exclusive: Trump to give TikTok’s Chinese owner 45 days to agree sale – sources

(Reuters) – President Donald Trump has agreed to give China’s ByteDance 45 days to negotiate a sale of popular short-video app TikTok to Microsoft Corp, two people familiar with the matter said on Sunday.

FILE PHOTO: People walk past a logo of Bytedance, the China-based company which owns the short video app TikTok, or Douyin, at its office in Beijing, China July 7, 2020. REUTERS/Thomas Suen/File Photo

U.S. officials have said TikTok under its Chinese parent poses a national risk because of the personal data it handles. Trump said on Friday he was planning to ban TikTok in the United States after dismissing the idea of a sale to Microsoft.

But following a discussion between Trump and Microsoft CEO Satya Nadella, the Redwood, Washington-based company said in a statement on Sunday that it would continue negotiations to acquire TikTok from ByteDance, and that it aimed to reach a deal by

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