The statement was made by TIM's Chief Executive Officer.
Shareholders of FiberCop and Open Fiber are currently discussing the terms of a possible commercial agreement to complete the rollout of high-speed broadband across the country, according to a Reuters report last month.
In 2024, TIM sold FiberCop, which manages Italy's primary fixed telecommunications network, to a KKR-led consortium for 19 billion euros as part of a restructuring plan aimed at reducing the phone group's debt.
Under the terms of the sale agreement, TIM would be entitled to an additional payment of up to 2.5 billion euros if a full integration between the two network operators were finalized by the end of this year.
'If they are looking to achieve a full merger, it is quite difficult to imagine they could close it by December 31,' Telecom Italia CEO Pietro Labriola told analysts during the first-quarter results conference call.
'If they sign a commercial agreement, TIM will receive up to 75% of the synergies that FiberCop generates from that deal,' Labriola added.
(Translated by Jasmine Mazzarello, editing by Elvira Pollina)
