Telecom Italia to redeem 750 mln euro hybrid bond

MILAN Wed Jan 29, 2014 1:36am EST

MILAN Jan 29 (Reuters) - Italian telecoms group Telecom Italia said on Wednesday it had decided to redeem ahead of time an outstanding hybrid bond worth 750 million euros ($1.02 billion).

The bond, issued a year ago, was due in 2073.

($1 = 0.7319 euros) (Reporting by Lisa Jucca)