financetom
Business
financetom
/
Business
/
Telecom Italia network sale only 'realistic' option, minister says
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Telecom Italia network sale only 'realistic' option, minister says
Apr 9, 2024 5:08 AM

MILAN, April 9 (Reuters) - The sale of Telecom Italia's

(TIM) network is the only "realistic" option for the

group, as it grants the survival of the phone company, Italy's

economy minister said on Tuesday.

"TIM shareholders will decide if the sale of the fixed-line

network to KKR will go ahead," Economy Minister Giancarlo

Giorgetti told a press conference.

At an annual general meeting on April 23, TIM shareholders

will decide whether to hand to outgoing Chief Executive Pietro

Labriola, who engineered the network sale, another mandate at

helm of the group.

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Palisades Up 6% As Closes C$8.3 Million Secured Convertible Notes Non-Brokered Private Placement With Strategic Investor
Palisades Up 6% As Closes C$8.3 Million Secured Convertible Notes Non-Brokered Private Placement With Strategic Investor
May 26, 2025
10:44 AM EDT, 05/21/2025 (MT Newswires) -- Palisades Goldcorp ( PLGDF ) , an investor in the resource sector, was at last look on Wednesday up more than 6% and moving away from near 52 week low levels after closing a non-brokered private placement of secured convertible notes for aggregate gross proceeds of C$8.323 million. The company said it will...
Google agrees $36 million fine for anti-competitive deals with Australia telcos
Google agrees $36 million fine for anti-competitive deals with Australia telcos
Aug 17, 2025
SYDNEY, Aug 18 (Reuters) - Google agreed on Monday to pay a A$55 million ($35.8 million) fine in Australia after the consumer watchdog found it had hurt competition by paying the country's two largest telcos to pre-install its search application on Android phones, excluding rival search engines. The fine extends a bumpy period for the Alphabet-owned internet giant in Australia,...
Campbell's Earnings Outlook Weakened by Persistent Salty Snack Issues, BofA Says
Campbell's Earnings Outlook Weakened by Persistent Salty Snack Issues, BofA Says
May 26, 2025
10:44 AM EDT, 05/21/2025 (MT Newswires) -- Campbell's (CPB) faces continued salty snack category weakness that will impact fiscal 2025 and 2026 earnings, and recovery will require a longer time, along with further reinvestment, BofA Securities said in a note on Wednesday. The firm raised its fiscal 2025 adjusted earnings guidance for The J.M. Smucker (SJM) on slightly stronger coffee...
Hyliion Signs MoU with Alkhorayef Industries to Deploy Power Module in Saudi Arabia
Hyliion Signs MoU with Alkhorayef Industries to Deploy Power Module in Saudi Arabia
May 26, 2025
10:42 AM EDT, 05/21/2025 (MT Newswires) -- Hyliion Holdings ( HYLN ) and Alkhorayef Industries have signed a memorandum of understanding to deploy Hyliion's ( HYLN ) fuel-agnostic KARNO power modules in the Saudi Arabian market, Hyliion ( HYLN ) said Wednesday. The MoU, which outlines a potential $1 billion business opportunity, follows a letter of intent signed by the...
Copyright 2023-2026 - www.financetom.com All Rights Reserved