October 4, 2018 / 3:03 PM / 2 months ago

BRIEF-Moody's says Italy 5G auction outcome credit negative for telecom operators

Oct 4 (Reuters) - Moody's ratings agency says:

* OUTCOME OF 5G AUCTION IS CREDIT NEGATIVE FOR ALL TELECOMS OPERATORS IN ITALY

* 5G AUCTION SPENDING IN ITALY BY EACH OPERATOR CAN BE ACCOMMODATED WITHIN EXPECTATIONS FOR THEIR RESPECTIVE RATINGS

* EXPECTS COMPETITIVE ENVIRONMENT IN ITALY'S TELECOMS SECTOR TO REMAIN HIGHLY CHALLENGING Further company coverage: (Reporting by Milan newsroom)

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