MILAN Nov 12 Italian market regulator Consob is
carrying out checks on Telecom Italia's asset sales
plan and on the 1.3 billion euros ($1.74 billion) convertible
bond the company sold last week, a source close to Consob told
The regulator is also making checks on issues relating to a
shareholder meeting due on Dec. 20 to vote on a request by
minority shareholder FINDIM to remove the current board of the
phone group, the source said.
"360-degree checks relating to Telecom Italia and its latest
deliberations are under way," the source said.
Telecom Italia said last week it would sell its Argentina
unit and other assets while issuing a convertible bond, aiming
to raise around 4 billion euros to stave off a credit rating
downgrade and strengthen operations in Italy and Brazil.
($1 = 0.7459 euros)
(Reporting by Stefano Rebaudo, editing by Emilio Parodi)