Telecom Italia investor Merlyn proposes sale of Brazilian unit-March 2024-www.financetom.com

Telecom Italia investor Merlyn proposes sale of Brazilian unit

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Telecom Italia investor Merlyn proposes sale of Brazilian unit

Mar 20, 2024 6:33 AM

MILAN, March 20 (Reuters) - Telecom Italia

shareholder Merlyn Partners proposed on Wednesday that the

company sell its Brazilian unit in 2024 as the Italian phone

group needs to reduce its debt and preserve jobs in Italy.

The Luxembourg-based alternative investment fund held

0.53%of Telecom Italia (TIM) as of Tuesday.

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