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The Antitrust Authority authorizes the acquisition by Seat PG of Telemontecarlo

01/23/2001 - 12:00 PM

Telecom Italia and Seat Pagine Gialle announce their satisfaction with the decision taken today by the Antitrust Authority (Autorità Garante della Concorrenza e del Mercato) authorizing the acquisition by Seat PG of Telemontecarlo under certain conditions.

Telecom Italia and Seat are declare their intention to accept the conditions set out by the Antitrust.

Telecom Italia and Seat reiterate that they consider the decision taken by the Communications Authority on January 17 to be clearly illegitimate and confirm that today the Tar of Lazio (Regional Administrative Court) was notified of their legal action aimed at obtaining the annulment of the Communications Authority´s decision, subject to suspension.