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Telecom Italia chairman rejects "damaging" spin-off rumours

Thursday 16 October 2014 | 13:53 CET | News
Telecom Italia chairman Giuseppe Recchi has strongly rejected a report in Italian daily La Repubblica suggesting that the government was planning to spin off the operator's fixed-line network and take a majority stake in the new company. "The dossier does not exist. It's something I have already heard about four or five times since I started at Telecom Italia and there is no legal basis for a spin off of the network of a private company," Recchi told reporters at an event in Milan, adding that the speculation is "highly damaging to the company's perception". According to the report, the

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Categories: Fixed
Companies: Telecom Italia
Countries: Italy
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