Telecom Italia preparing real estate sale - report

Wednesday 19 February 2014 | 15:41 CET | News
Telecom Italia is in the process of reorganising its vast network of real estate assets in Italy with a view to further reducing its EUR 28 billion debt, reports Il Sole 24 Ore. The operator is hoping to finalise its real estate rationalisation plan, which encompasses some 14,000 buildings, in the coming few months. The aim is to reduce management costs and draw up a list of properties that can be sold or no longer leased. According to the report, the operator's annual rental costs currently stand at around EUR 700 million. A number of funds and real estate companies have expressed an

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Categories: General
Companies: Telecom Italia
Countries: Italy
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