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TI.A - Telecom Italia SpA News Story

$5.21 0.0  0.0%

Last Trade - 05/07/19

Large Cap
Market Cap £7.60bn
Enterprise Value £31.28bn
Revenue £13.57bn
Position in Universe th / 7157

UPDATE 1-Telecom Italia-DAZN deal averts watchdog precautionary measures

Wed 28th July, 2021 9:17am
(Adds detail, background)
    MILAN, July 28 (Reuters) - Italy's competition watchdog said
on Wednesday it had accepted amendments to a deal between
Telecom Italia (TIM)  TLIT.MI  and sports streaming service DAZN
that would avert precautionary measures being imposed on their
technical and distribution partnership.
    The proposed changes and measures, including a pledge to
make TIM's pay-TV offer with DAZN's service available to clients
of other telecoms operators from Aug. 1, would prevent
irreparable damage to competition ahead of the start of Italy's
top-flight Serie A soccer season, the watchdog said.
    Aiming to promote its fast broadband and pay-TV services,
TIM sealed a deal with DAZN, which holds the rights to screen
Serie A matches over the next three seasons.*:nL1N2LO16P
    The watchdog, which opened its inquiry earlier this month
after complaints from TIM's rivals, said it would monitor the
implementation of the companies pledges, while continuing its
probe which must be concluded by June 30, 2022.*:nL5N2OK1AV*:nL5N2O42PJ


 (Reporting by Elvira Pollina; editing by Jason Neely)
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