Sabato, 20 Ottobre 2018

Telecom Italia stock falls to lowest level in 16 years


Milan, July 16 - Stock in Italy's
telecommunications blue-chip Telecom Italia slid to it lowest
value since July 1997 on Tuesday over uncertainty about plans to
spin off its landline network.
Stock fell 2.3% to 0.49 euro after its board on Monday
decided to suspend the operation until the regulatory
environment improves.
The group reported on July 11 an unfavourable filing made
by the Italian regulator AGCOM regarding wholesale access to
local copper wire network.
Telecom Italia's entire market capitalization was 6.44
billion euros on Tuesday.

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