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TI.A - Telecom Italia SpA News Story

$5.21 0.0  0.0%

Last Trade - 05/07/19

Sector
Telecoms
Size
Large Cap
Market Cap £9.42bn
Enterprise Value £33.60bn
Revenue £13.43bn
Position in Universe th / 6938

Italy's TIM shares fall sharply on report govt has dropped single network plan

Thu 6th May, 2021 8:27am
MILAN, May 6 (Reuters) - Shares in Telecom Italia  TLIT.MI 
fell more than 9% on the Milan bourse on Thursday after a report
suggesting the government is set to drop a plan to create a
single broadband network.
    In the Recovery Plan submitted to the European Commission
Italy refers to "broadband networks", plural, suggesting that
the single network plan has been set aside, daily La Repubblica
reported on Wednesday.
    Both the Italian government and Tim declined to comment.
    
         

 (Reporting by Elvira Pollina and Angelo Amante, editing by
Maria Pia Quaglia)
 ((elvira.pollina@thomsonreuters.com;))
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