Telecom Italia plans sale of Telecom Argentina, other assets
MILAN (Reuters) - Telecom Italia announced on Thursday a string of assets sales and other extraordinary measures aimed at boosting its finances by around 4 billion euros ($5.35 billion) to concentrate on its operations in Italy and Brazil.
Italy's biggest telecoms operator, which is in the middle of a strategy shift after the departure of former chairman Franco Bernabe, said it was planning to sell Telecom Argentina, adding it had received an unsolicited offer for the unit.
The group also said it was planning to lease more than 17,000 towers it owns in Italy and Brazil and sell Italian multiplex platforms, aiming to reap more than 2 billion euros from these deals.
Included in the plan, was the issuance of a convertible bond of up to 1.3 billion euros, announced earlier on Thursday. ($1 = 0.7472 euros)
- Tweet this
- Share this
- Digg this
- Merkel asks Putin to explain reports of Russian troops in Ukraine
- Crisis deepens as Ukraine says Russian troops back rebel advance
- Diego Costa injured in Chelsea training - sources
- Ukraine leader says Russian forces are in the country as key town falls
- Breakthrough hopes dented as Ukraine accuses Russia of new incursion |