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Wireless

Telecom Italia CEO apologises for share price falls

Thursday 18 April 2013 | 10:35 CET | News
Telecom Italia CEO Franco Bernabe has apologised to shareholders for the recent decline in the stock price. At the Annual General Meeting (AGM) on 17 April, Bernabe said the operator has been looking to the long term. If it looked for short-term successes, it would probably have done something different, he added. He said the past five years of economic crisis have made managing the company very difficult. Turning to the possible merger with mobile operator 3 Italia, he said that if it is done at prices that reflect the real contribution of both businesses, it could pave the way for synergies

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Categories: Fixed / Mobile & Wireless
Companies: 3 Italia / Telecom Italia
Countries: Italy
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