UPDATE 1-Italy's state lender may invest in Telecom Italia if Rome asks [Reuters]
TELECOM ITALIA (TI.A)
US:NYSE Investor Relations:
telecomitalia.com/tit/en/investors.html
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Source: Reuters
UPDATE 1-Italy's state lender may invest in Telecom Italia if Rome asks | Reuters Reuters Staff 2 Min Read (Adds chairman comment, background) ROME, Oct 3 (Reuters) - Italian state lender Cassa Depositi e Prestiti (CDP) could invest in Telecom Italia if Rome asked it to by exercising so-called golden powers, its chairman said. Rome has launched a process against Telecom Italia (TIM) for failing to notify it that its largest shareholder Vivendi had assumed de facto control of the company, which is considered a strategic asset. Vivendi denies its 24 percent holding has given it effective control, while TIM says it did not have to notify Rome. There has been speculation in Italy that CDP, which owns 50 percent of rival broadband group Open Fiber, may be called on to buy a stake in Telecom Italia to protect strategic interests. CDP Chairman Claudio Costamagna told La7 TV on Tuesday that the state lender’s investment in Open Fiber remained a priority. “But if the government asked us to ent
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