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General

Telecom Italia shareholders oppose TIM Brasil sale

Thursday 24 March 2016 | 10:38 CET | News
Telecom Italia's minority investors association Asati has called on the company not to sell its controlling stake in TIM Brasil after CEO Marco Patuano resigned following a clash with top shareholder Vivendi on a number of strategic issues, including over whether to sell the Brazilian unit. In a statement reported by Corriere delle Comunicazioni, Asati said selling TIM Brasil now would be "ridiculous… especially at this time when the valuation would not represent the true value of 8-9 times its EBITDA of just two years ago."

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