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@Breso
It was a real montello, with its genuine “webbed” BB shell.
Dropouts could have been requested or changed in a second time.
Forks looks like they are from newer models (Oria or own branded Pinarello tubing, like on the Stelvio).
I wouldn’t be surprised if that frame came out of the factory like this when the Montello was out of production, sold as a mid-range bike during the second half of the 90s.
Paint is definitely not original.