TIA TELECOM ITALIA SPA CL A

--Italy's Minister of Economic Development Carlo Calenda tells La Repubblica that state-controlled lender CDP bought a stake in Telecom Italia not to take over control, but to support a project that includes the spinoff of its network business.

--Mr. Calenda says France's Vivendi, Telecom Italia's largest shareholder, has been an "awful" shareholder that destroyed rather than created value.

--CDP said earlier this month that it planned to build up a long-term stake in Telecom Italia of up to 5%. According to market regulator Consob, it now holds a 4.3% stake.

Full article in Italian: https://bit.ly/2EODFhp

Write to Barcelona editors at barcelonaeditors@dowjones.com

(END) Dow Jones Newswires

April 16, 2018 07:16 ET (11:16 GMT)

TELECOM ITALIA SPA CL A (NYSE:TIA)
Historical Stock Chart
From Jun 2024 to Jul 2024

TELECOM ITALIA SPA CL A (NYSE:TIA)
Historical Stock Chart
From Jul 2023 to Jul 2024