Published by Global Banking and Finance Review
Posted on January 20, 2025
1 min readLast updated: January 27, 2026
An Italian court is set to decide on suspending a $1 billion payment to Telecom Italia, related to a 1998 telecom sector dispute.
ROME (Reuters) - An appeals court in Rome is expected to decide shortly on a request by Italy's government to suspend a 1 billion euro ($1 billion) payment the state owes to Telecom Italia (TIM), three legal sources said on Monday.
The payment stems from a dispute dating back to 1998 relating to the liberalisation of Italy's telecoms sector.
The parties had been given until Jan. 20 to work on a possible out-of-court settlement. They informed the court at a closed-door hearing on Monday that they had failed to do so, the sources said.
The court is now expected to decide as early as this week on the payment suspension request, the sources added.
(Reporting by Paolo Chiriatti, Elvira Pollina; Editing by Valentina Za)
The payment in dispute is 1 billion euros, which is approximately $1 billion.
The payment stems from a dispute dating back to 1998 relating to the liberalisation of Italy's telecoms sector.
The parties had been given until January 20 to work on a possible out-of-court settlement.
The court is expected to decide as early as this week on the payment suspension request.
During the closed-door hearing, the parties informed the court that they had failed to reach an out-of-court settlement.
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