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How to avoid tax creep in retirement

The state pension went up 8.5% in April, but frozen thresholds mean pensioners will be paying more tax

Telecom Italia eyes settlement to stop 4 bln euro antitrust claims - sources

Reuters - UK Focus

MILAN, Aug 5 (Reuters) - Telecom Italia (Other OTC: TIAJF - news) is considering the possibility of settling separate antitrust disputes with rivals to stop damage claims for around 4 billion euros ($4.6 billion), two sources close to the matter told Reuters on Wednesday.

Mobile phone giant Vodafone sued the former Italian phone monopoly two years ago for abusing its dominant position in its home market, seeking over 1 billion euros in damages.

Other telecoms firms have also sued Telecom Italia on competition grounds in recent years. Swisscom (Other OTC: SCMWY - news) 's Italian broadband unit Fastweb is seeking damages of 1.74 billion euros, internet firm Tiscali (Milan: TIS.MI - news) is seeking 285 million, while small telecoms firms Eutelia, Voiceplus and Teleunit are seeking a combined sum of nearly 1.1 billion.

The sources gave no indication on the status of any potential talks. A settlement, if reached, would allow the parties to bypass long judicial proceedings.

Telecom Italia is expected to make provisions for at least 300 million euros to cover risks connected to the lawsuits. ($1 = 0.9201 euros) (Reporting by Danilo Masoni and Stefano Rebaudo; editing by Agnieszka Flak)