The company’s announcement this afternoon
TIM announces that, with today’s ruling, the Court of Appeal of Rome has closed in favor of the Group a dispute that lasted fifteen years relating to the restitution of the concession fee demanded for 1998the year following the liberalization of the sector, and requested in return by the Company.
What happened
The sum due is equal to the original fee, just over 500 million euros, plus the revaluation and accrued interest for a total of approximately 1 billion euros. The sentence is immediately enforceable and TIM will immediately start the procedures for the recovery of the amount in question.
The Court of Justice of the European Union has intervened on the matter on several occasions, pointing out the conflict between the directive on the liberalization of the telecommunications market and the national regulations which had extended for 1998 the obligation to pay the license fee for sector concessionaires . In particular, in 2020 the European judiciary established that the community regulatory system did not allow national legislation to extend for the 1998 financial year the obligation imposed on a telecommunications company, previously a concessionaire (such as TIM), to pay a fee calculated on the basis of turnover, but only allowed the request for payment of the administrative costs connected to the issuing, management, control and implementation of the general authorization and individual license regime.
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