Arab Today, arab today ansa telefonica seals telecom italia deal
Last Updated : GMT 02:18:28
Arab Today, arab today
Arab Today, arab today

Ansa: Telefonica seals Telecom Italia deal

Arab Today, arab today

Arab Today, arab today Ansa: Telefonica seals Telecom Italia deal

Milan - AFP

Spain\'s Telefonica has reached a deal to raise its stake in the shareholding pact that controls Telecom Italia, Italian media reported late Monday. The Spanish communications giant, which currently owns 46.18 percent of shareholding pact Telco, will raise its stake to 65 percent, Italian news agency Ansa reported. It will pay one euro per share, and also has an option to further increase its holding to 70 percent. The remaining shares of Telco are held by Italian banks Intesa Sanpaolo and Mediobanca, which each have 11.62 percent currently, and Generali, which has 30.58 percent. Telecom Italia, once the national telephone company, has been struggling with a price war in the market and with the recession. In March, it posted a net loss of 1.627 billion euros ($2.1 billion) for 2012, hit by an asset write-down of more than 4.4 billion euros in part on investments in Brazil. Telecom Italia\'s shares closed sharply up on the Italian stock market on Monday at 3.42 percent.

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today ansa telefonica seals telecom italia deal Arab Today, arab today ansa telefonica seals telecom italia deal

 



Arab Today, arab today

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today ansa telefonica seals telecom italia deal Arab Today, arab today ansa telefonica seals telecom italia deal

 



Arab Today, arab today Designer Rania Adel reveals her new collection

GMT 17:59 2017 Monday ,12 June

Designer Rania Adel reveals her new collection
Arab Today, arab today France defies terrorism through tourism

GMT 15:18 2017 Saturday ,20 May

France defies terrorism through tourism
Arab Today, arab today Mai Al-Jeddawi presents décor ideas for Ramadan
View News in Arabic - Business: أخبار الشركات
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday