Italy to appeal against ruling it must pay 1 billion euros to Telecom Italia
Italy to appeal against ruling it must pay 1 billion euros to Telecom Italia
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.
This article was produced by Reuters news agency. It has not been edited by Global South World.
