May 21, 2019 / 2:21 PM / 4 months ago

Telecom Italia talking to banks on consumer finance JV

MILAN, May 21 (Reuters) - Telecom Italia is in touch with five banks over plans to create a joint venture to offer consumer credit services to its clients, its chief executive said on Tuesday.

“We will start discussions in the next few days,” Luigi Gubitosi said in a conference call on first quarter results.

Gubitosi said the idea was to free up working capital and reduce credit risk.

Reporting by Stephen Jewkes and Elvira Pollina

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below