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General

Telco shareholders reach agreement on debt - report

Thursday 21 March 2013 | 16:09 CET | News
An agreement has been reached by the shareholders of Telco, the main shareholder in Telecom Italia on debt refinancing, Italian financial daily Il Sole 24 Ore reported. Telco, which holds 22.4 percent of the Italian telecommunications group, is expected to refinance the EUR 1.7 billion bond expiring in May to extend the debt until 2015, when the shareholders' agreement that binds Mediobanca, Intesa Sanpaolo, Generali and Telefonica in Telco also expires. The issue could be formalized at a meeting of the board in early April. The report suggests that Generali may take advantage of an option in

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Categories: General
Companies: Telecom Italia / Telefonica- Movistar
Countries: Italy
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