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General

Telecom Italia says no capital hike planned

Monday 17 November 2014 | 09:25 CET | News
Telecom Italia has confirmed that no operation to increase the company's capital is currently being planned. The brief statement was issued in response to Italian press reports that the operator was considering a rights issue to fund future investments, above all in Brazil. Italian daily Il Messagero reported that a possible capital hike was being discussed to finance a merger between Telecom Italia's Brazilian unit, TIM Brasil, and the country's third-largest operator Oi. Last week Telecom Italia CEO Marco Patuano said he was ready to consider a potential merger with Oi. "I think it's

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