MILAN Italy is preparing legislation that could lead to a merger of Telecom Italia's network with smaller rival Open Fiber, an issue that is causing friction between the company's CEO and some board directors, sources close to the matter said on Sunday.
MILAN/RIO DE JANEIRO/SAO PAULO The board of Telecom Italia has given its Brazil unit approval to make a non-binding offer for NII Holdings' Nextel Brazil, three sources familiar with the matter said on Friday, allowing for a potential deal that could boost its market share in Latin America's largest economy.
MILAN Telecom Italia's decision to take a 2 billion euro (1.7 billion pounds) writedown on its domestic assets has angered shareholder Vivendi, while also taking the shine off results that showed the resilience of the group's mobile operations.
MILAN Ferrari's sales mix leaned towards its "entry-level" Portofino supercar in the third quarter rather than its high-margin limited-edition models, weighing on the Italian company's earnings and pushing its shares lower on Monday. | Video
MILAN/DETROIT Fiat Chrysler (FCA) reported better-than-expected third-quarter earnings and promised to pay 2 billion euros (£1.8 billion) in special dividends, but a lower net cash forecast and its over-reliance on the North American market weighed on its shares.
TOKYO/MILAN Japan's Calsonic Kansei, owned by U.S. private equity firm KKR, has agreed to buy Fiat Chrysler's Magneti Marelli for 6.2 billion euros ($7.1 billion) to form the seventh-largest independent car parts supplier. | Video
MILAN/LONDON Fiat Chrysler (FCA) has agreed to sell its Magneti Marelli unit to KKR's Calsonic Kansei, two sources familiar with the matter said on Sunday, adding the deal would be announced on Monday.
BRUSSELS/MILAN The European Commission has told Italy it is concerned at its budget deficit plans for the next three years since they breach what the EU asked the country to do in July, but Rome insisted on Saturday it would "not retreat" from its spending plans.