(Telecompaper) Telecom Italia (TIM) has notified Italian communications regulator Agcom that it has formally begun the procedure to spin off its fixed access network and create a separate legal entity (Netco) that's 100 percent controlled by the operator. In a statement, TIM said Netco would have its own assets (access network infrastructure, from the exchange to customers' homes, as well as buildings, electronic equipment and IT systems) and the personnel necessary to provide wholesale services independently. "The model will guarantee full equality of treatment thanks to a single access point; a "one-stop shop" for regulated and unregulated wholesale services for all operators, including TIM," said the company.