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Italy's Retelit progresses with spin-off plan

Friday 18 October 2019 | 14:49 CET | News
Italian telecommunications infrastructure provider Retelit announced that its board of directors has approved a proposal to transfer the Asia-Africa-Europe-1 (AAE-1) subsea cable business unit from Retelit SpA to Retelit Digital Services (RDS) as part of a plan to separate its activities into two separate companies. The transfer will be accompanied by a capital hike for RDS and both measures will be subject to approval at an extraordinary meeting of Retelit Digital Services shareholders scheduled for 25 October.

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Categories: Fixed
Companies: Retelit
Countries: Italy
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