Telecom Italia chairman sees favourable market for a capital increase
ROME, Sept 25
ROME, Sept 25 (Reuters) - Italian phone company Telecom Italia Chairman Franco Bernabe said on Wednesday that high levels of liquidity have created favourable market conditions for a possible capital increase.
Earlier on Wednesday, Bernabe said the company could need a capital increase to avoid a possible credit rating downgrade on its 29 billion euros of debt.
(Reporting by Alberto Sisto, writing by Jennifer Clark, editing by Francesca Landini)