MILAN: Telecom Italia (TIM) faces a 2.6 billion euro ($2.9 billion) request for damages in a case regarding alleged abuse of its dominant place within the broadband market after a grievance by rival Open Fiber, the cellphone group’s 2021 monetary assertion exhibits.
As beforehand disclosed, Open Fiber filed a grievance with a Milan court docket in 2020 in search of 1.5 billion euros in damages from TIM after Italy‘s competitors regulator dominated that the previous cellphone monopoly had abused its dominant place to hinder rival investments in ultra-fast broadband in distant areas of Italy.
The quantity requested in damages has elevated to 2.6 billion euros, an entry in TIM’s annual monetary report, printed on the telecom group’s web site on Wednesday, confirmed.
TIM is opposing Open Fiber’s claims in court docket, the doc additionally confirmed.
Enel, which bought its stake in Open Fiber final 12 months, has additionally requested the court docket to order TIM to pay for all previous and future damages suffered by each Open Fiber and itself, TIM mentioned in its annual report.
Telecom Italia and Enel weren’t instantly obtainable to remark. Open Fiber declined to remark.