Italy to appeal against ruling it must pay 1 billion euros to Telecom Italia

1 week ago 58


Apr 04, 2024, 12:57 AM


Apr 04, 2024, 12:47 AM

MILANO - The Italian government said it would appeal to the Supreme Court against a ruling on Wednesday that ordered it to return about 1 billion euros ($1.08 billion) to Telecom Italia (TIM).

A Rome appeals court ruled in favour of the telecoms company, which was seeking to recover a licence fee it was required to pay to the state in 1998, the year after the telecoms sector was deregulated.

The prime minister's office said in a statement it would ask that the ruling be suspended until its appeal is heard. REUTERS

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