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General

Telecom Italia shareholders concerned about Orange merger

Thursday 10 March 2016 | 10:45 CET | News
Telecom Italia's minority investors association Asati has sent a letter to the Italian government and parliament to express its concern about the widely reported possibility of a merger between the Italian operator and French telecommunications group Orange. Asati set out a series of doubts after Italian prime minister Matteo Renzi commented that any foreign investors with resources and ambition were welcome to enter the Italian market. However, Asati said any such transaction would be an acquisition by Orange, rather than a merger, because the French company's capitalisation is double that

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Categories: General
Companies: Orange / Telecom Italia
Countries: Italy
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