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CDP chairman denies refusing to invest in Telecom Italia

Monday 29 June 2015 | 08:24 CET | News
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The  chairman of Italy's state-backed holding company Cassa Depositi e Prestiti (CDP), Franco Bassanini, has denied that he was asked to step down due to a refusal to countenance an investment in Telecom Italia. Bassanini and CDP CEO Giovanni Gorno Tempini will be replaced at the start of July and unnamed sources told Reuters that Italy's Prime Minister Matteo Renzi wanted CDP's management replaced due to rifts over the need to make investments in infrastructure and support companies, with the Italian press reporting that Bassanini refused to make a direct investment in Telecom Italia.

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Categories: Fixed
Companies: Telecom Italia
Countries: Italy
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