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Story summary
- The Court of Cassation ruled in favor of Telecom Italia (TIM), confirming TIM is owed over €1 billion for a 1998 concession fee and ending a dispute.
- The ruling lets TIM convert savings shares into ordinary stock and resume dividends halted in 2022.
- The government previously appealed a lower court's decision to reimburse TIM.
- Payout will not affect Italy's budget deficit since funds were allocated for litigation costs in 2026.
