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Italy competition watchdog opens probe into Telecom Italia network grid Italy's competition authority said on Monday it had opened an investigation into Telecom Italia's FiberCop last-mile network grid, describing the project as a strategic national project for which required full transparency.

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It said the investigation would look into the contracts covering the creation and functioning of the FiberCop network as well as supply agreements with Fastweb and Tiscali. Bloomberg Sick of Roaming Fees?

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Now Your Carrier Is Hurting Too Bloomberg Opinion -- The Covid pandemic has revealed an uncomfortable truth about the telecoms industry: Roaming, that old bugbear of the world traveler, still accounts for a disproportionate amount of profit. The additional income comes from either non-European visitors or from European customers gallivanting around the rest of the world. Cumulatively, they present a risk.

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For now, carriers need a vaccine rollout for global travel to resume and for roaming fees to help them return to growth. But the impact such a small fraction of their operations has had on earnings is disconcerting.

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This column does not necessarily reflect the opinion of the editorial board or Bloomberg LP and its owners. Alex Webb is a Bloomberg Opinion columnist covering Europe's technology, media and communications industries.

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