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TIT Telecom Italia SpA

0.2226
0.0002 (0.09%)
26 Apr 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type
Telecom Italia SpA BIT:TIT Italy Ordinary Share
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.0002 0.09% 0.2226 0.2225 0.225 0.2254 0.2221 0.223 156,266,017 17:00:00

Telecom Italia Told to Expect Government Intervention

17/10/2017 8:11am

Dow Jones News


Telecom Italia (BIT:TIT)
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From Apr 2019 to Apr 2024

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   By Sonia Amaral Rohter 
 

Telecom Italia SpA (TIT.MI) said Monday that it had received notification from the Italian government that it intends to exercise authority over certain aspects of Telecom Italia's business.

Known as "Golden Power," the measure gives the government special powers to intervene in the affairs of companies in security and national defense sectors.

The move follows government concerns about French media conglomerate Vivendi SA's (VIV.FR) stake in Telecom Italia. In September, Italy's securities market regulator Consob ruled that Vivendi had de-facto control over Telecom Italia. Vivendi contested the ruling.

Telecom Italia says that it is "examining the measure" and has 90 days to comply with the requirements set forth.

 

Write to Sonia Amaral Rohter at sonia.amaralrohter@dowjones.com

 

(END) Dow Jones Newswires

October 17, 2017 02:56 ET (06:56 GMT)

Copyright (c) 2017 Dow Jones & Company, Inc.

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