A Milan court has annulled a preventive seizure order in the amount of 249 million euros imposed on Telecom Italia (Tim) as part of an investigation into alleged fraud in paid services.

This is according to a court document issued after a hearing last April 23, which shows that Tim successfully appealed the preventive seizure order.

Reasons for the decision will be filed within 30 days.

(Elvira Pollina, editing Gianluca Semeraro)