Telecom Italia SpA Boss Likely To Win Mandate For Talks With Hutchison Whampoa Ltd-Reuters

Wednesday, 10 Apr 2013 04:51pm EDT 

Reuters reported that Telecom Italia SpA Chairman Franco Bernabe is likely to win a green light from the board to deepen talks with Hutchison Whampoa Ltd said to be targeting 29.9% of the Italian group. The executive will illustrate to a Telecom Italia board meeting on Thursday a proposal by Hong Kong-based Hutchison Whampoa to buy out three Italian investors in Telecom Italia's parent company, called Telco, and swap its mobile business 3 Italia for shares in Telecom Italia. 

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