All the messages from Giorgetti to Vivendi and Cdp about Tim (and invitalia curries)

All the messages from Giorgetti to Vivendi and Cdp about Tim (and invitalia curries)

What did the Minister of Economic Development, Giancarlo Giorgetti (Lega) say about Tim, CDP, Alitalia, cars, golden power and not only

First public issue of the Minister of Economic Development, Giancarlo Giorgetti, a leading exponent of the League headed by Matteo Salvini, on some of the most important dossiers that fall within the competence of the department in the past led by Stefano Patuanelli (M5s): from Tim to Alitalia, unique network and golden power.

Here's what Giorgetti said in Parliament.

GIORGETTI STRATTONA LIVE IN TIM

"The single network if it has public control makes sense, if it has private control we are not recreating a private monopoly on the network, and I can guarantee that much less can we hypothesize a private monopoly in foreign hands", pointed out the minister of Economic development, Giancarlo Giorgetti, closing his speech in the hearing on the Recovery plan in the Transport Committee in the Chamber. Not a very indirect message to Vivendi, given that the French telecommunications group is Tim's largest shareholder with 23.75% .

WHAT GIORGETTI SAYS ABOUT CDP BETWEEN TIM AND OPEN FIBER

The Lega exponent at the head of the Economic Development department insisted on the Tim dossier, also speaking of the shareholder Cdp, who is also in the capital of Open Fiber. On the single network "the situation has evolved over time, the intervention of the funds has enriched the subjects, first they were reduced and then there is the Cdp, objectively at the moment in a fairly anomalous situation, being a shareholder of two theoretically in competition, and this issue must also be resolved, ”Giorgetti said in a hearing at the Chamber's Transport Commission on the Recovery Plan.

GIORGETTI ASKS FOR COORDINATION FOR CDP AND INVITALIA

“I find it hard to keep up with all forms of intervention by Cdp and Invitalia”, the Lega exponent hissed: “Over time, both organizations have created numerous tools to support companies and sectors that sometimes risk overlapping. For this, greater coordination and synergy of the instruments between the CDP, Invitalia and the ministries of reference would be needed ”.

BROADBAND AND SINGLE NETWORK PROJECT

Giorgetti then touched on the wiring delays, especially in the white areas. "I do not know – he stressed – if the single network project is right or wrong, or rather, this Government is reflecting on a path that has been taken, if it offers a level playing field for everyone, but it is good if it is done in hurry, we must decide, because if only the constitution of the company implies 18 months, and in the meantime everyone does, legitimately what they like, they make investments to maximize their position, as is consistent with the company logic, we create overlaps. While logic would like public and private resources to be deployed in an intelligent and rational way ”. According to the minister, it is also important to carry out a “mapping” of the infrastructure to offer certain addresses to operators.

ALITALIA DOSSIER FOR GIORGETTI

The government “believes” in Alitalia's newco “and is putting 3 billion euros to have an airline that guarantees Italy's accessibility to the cargo business and its vocation for tourism. This choice is dictated by the government's certainty of doing the right thing and believes in the project ”.

HOW THE GOVERNMENT WILL MOVE ON ALITALIA

By answering the questions of the deputies, Giorgetti nevertheless ensured a "strategic vision" from the government. The Executive, he guaranteed, “believes in it and puts three billion to have an airline that guarantees Italy's accessibility to the cargo business and its vocation for tourism”. A choice, he concluded in this regard, "dictated by the government's certainty of doing the right thing and because it believes in the project".

THE FUTURE OF ALITALIA

Giorgetti then clarified, as regards handling and maintenance: “I think we will go towards the open races. We can imagine some simplified formulas and also for this reason we have expanded the group of Alitalia's extraordinary administration, but it is not at all simple '.

GIORGETTI'S PLANS ON GOLDEN POWER

"We are evaluating the possibility of extending the application of the Golden power legislation also to supply chains that are currently excluded from it and that are instead clearly relevant in the national economic structure", announced the Minister of Economic Development, Giancarlo Giorgetti, in the hearing on the Recovery plan convened by the Chamber's Productive Activities Committee.

Among other things, the minister referred to the need to "protect European manufacturing from unscrupulous and often unfair competition from some of the so-called emerging economies, starting with China", citing "some sectors such as automotive and steel for which it is necessary to outline a set of support measures in consideration of the impact they assume for the European production cycles ”.

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This is a machine translation from Italian language of a post published on Start Magazine at the URL https://www.startmag.it/economia/giorgetti-vivendi-cdp-tim-invitalia/ on Wed, 17 Mar 2021 13:34:41 +0000.