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State owes 1 bn to TIM, court rules

State owes 1 bn to TIM, court rules

PM's office requested a payment suspension till appeals sentence

ROME, 22 January 2025, 14:35

ANSA English Desk

ANSACheck
- ALL RIGHTS RESERVED

- ALL RIGHTS RESERVED

An appeals court in Rome has denied a request of the prime minister's office to suspend the payment to phone giant TIM of one billion euros which the company had unfairly paid to the State in 1998, according to a court of first instance, under a measure issued by the appeals court on Monday, which was released Wednesday.
    The State, through the premier's office, had requested a suspension of the measure pending an appeals sentence.
    In particular, the prime minister's office, had asked to halt the payment on the grounds that it did not have the available cash, which would have required a specific measure on budget planning.
    However, the appeals court ruled that the office had failed to prove this and that it had refused a transaction agreement, which included a reduction by 150 million euros of the payment and an installment plan, made by TIM's legal representatives during the trial of first instance.
   

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