Telecom Italia, FiberCop embroiled in rift over some €500 mln in network payments

MILAN: Telecom Italia (TIM) and network operator FiberCop are embroiled in a row over payments worth more than €500 million ($561 million) and may eventually seek an arbitration to settle their disagreements, two people familiar with the matter said.

TIM, Italy’s former phone monopoly which has spun off its fixed line network business FiberCop, is challenging about €340 million of invoices issued by FiberCop, the people said.