Telecom Italia refuses to comment capital increase reports

Telecom Italia refuses to comment capital increase reports (ANSA) – Milan, October 25 – Media reports on ”capital increase operations, sale of assets, change of dividend policy” are ”journalistic inferences” and, as such, Telecom Italia cannot comment them, the company said in a statement Friday.

Shares in Telecom Italia slumped on Friday afternoon after a report claimed the debt-ridden company could propose a rights issue for up to two billion euros.

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