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General

Telecom Italia CEO says talk of capital hike "premature"

Wednesday 26 November 2014 | 08:41 CET | News
Telecom Italia is not yet planning to increase its capital to fund future investments and there are still no talks with Brazilian operator Oi, according to the Italian company's CEO. "It's premature to talk about it now. At the moment no operation on capital is being studied," said Marco Patuano on the sidelines of the TIM Cup 2014 event. The company has repeatedly denied that a rights issue was being considered to finance a merger between Telecom Italia's Brazilian unit, TIM Brasil, and the country's third-largest operator Oi, and its CEO said talks on such a possibility had yet to commence.

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Categories: General
Companies: Oi / Telecom Italia / TIM Brasil
Countries: Brazil / Italy
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