Annual Report 2025 on Activities and Work Programmes (AGCOM)

Summary

• Swisscom, already owner of Fastweb, acquired the operator Vodafone, and Poste Italiane became the first shareholder of TIM.p.10
• TIM's fixed network infrastructure was fully transferred to FiberCop, radically changing the wholesale market.p.10
• AGCOM launched a new analysis of fixed network access markets to assess whether FiberCop qualifies as a wholesale-only operator.p.10
• AGCOM suspended, as a precautionary measure, the replicability obligation for TIM's retail offers since TIM no longer owns the fixed network.p.10
• AGCOM led the transition from ERGA to the new European Board for Media Services (EBMS).p.11
• The European regulation on transparency and targeting of political advertising entered into force on 10 April 2024 and becomes binding from 10 October 2025.p.11

Key insights

1. The president highlights the persistent speed of technological innovation as the overall picture of the period.p.9
2. AGCOM adapts its regulatory framework to protect pluralism, consumers, minors and vulnerable citizens amid market transformation.p.10
3. The structural separation of TIM's fixed network radically changed the wholesale market.p.10
4. The European media regulation extends its scope to digital media service providers and online content.p.11
5. The regulation introduces media ownership transparency and bans spyware against journalists.p.11
6. AGCOM coordinated ERGA's action on political advertising and contributed to the national position in negotiations.p.11