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| Share Name | Share Symbol | Market | Type |
|---|---|---|---|
| Infrastructure Wireless Italiana SpA | BIT:INW | Italy | Ordinary Share |
| Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.215 | 2.19% | 10.03 | 9.815 | 10.07 | 10.05 | 9.825 | 9.835 | 1,375,596 | 16:40:00 |
From Jan 2020 to Jan 2025
By Marc Navarro Gonzalez
Telecom Italia SpA (TIT.MI) said that most of the measures proposed by activist investor Elliott Management to reduce the telecommunications company's debt are "premature and not feasible."
The Italian company said that three of Elliott's proposals--deconsolidating Telecom Italia's fixed network, reducing its interest in Infrastrutture Wireless Italiane SpA (INW.MI), merging its Brazilian business with a local peer--would also "carry material financial and execution implications."
Telecom Italia made the comments in a document published on its website late Tuesday, adding that the best strategy to create value is to implement its current management plan.
The document was published after Italian market regulator Consob asked Telecom Italia to supplement the information that will be made available ahead of its shareholder meeting on April 24.
Read more about the imbroglio surrounding Telecom Italia at https://on.wsj.com/2JndT7q (WSJ paywall) or https://bit.ly/2IQx2gL (NewsPlus).
Write to Marc Navarro Gonzalez at marc.navarro@dowjones.com
(END) Dow Jones Newswires
April 18, 2018 07:04 ET (11:04 GMT)
Copyright (c) 2018 Dow Jones & Company, Inc.
1 Year Infrastructure Wireless ... Chart |
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