Ultimate magazine theme for WordPress.

Italy’s main telecom unions call for greater presence of state in Telecom Italia

ROME, Nov 24 (Reuters) – Italy’s main telecom unions on Wednesday referred to as for a greater presence of the state in Telecom Italia (TIM) (TLIT.MI) and for the Italian authorities to rethink a plan geared toward making a single ultra-fast broadband community for the nation.

“We believe that the current majority shareholder (of TIM) has created and fed tensions within the company, aiming at weakening the management over the years. For this reason we keep hoping in a greater presence of the state (in TIM),” SLC-CGIL, FISTel-CISL and UILCOM-UIL mentioned in a press release.

France’s Vivendi is TIM’s largest investor, with a stake of 24% in the cellphone group.

U.S. fund KKR (KKR.N) has proposed to purchase the debt-laden former cellphone monopoly for 33 billion euros. learn extra

Register now for FREE limitless entry to reuters.com
Reporting by Giulia Segreti, enhancing by Cristina Carlevaro

The Tim logo is seen at its headquarters in Rome, Italy November 22, 2021. REUTERS/Yara Nardi

Comments are closed.