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Telecom Italia SpA Directors To Consider Hutchison Whampoa Ltd Tie-up-Reuters


Friday, 12 Apr 2013 02:40am EDT 

Reuters reported that Telecom Italia SpA has appointed a panel of directors to consider a proposed tie-up with Hutchison Whampoa Ltd which would make the Hong Kong group Telecom Italia's top shareholder in return for merging their local mobile businesses. After a six-hour board meeting Telecom Italia issued a statement on Thursday saying it has asked its chairman Franco Bernabe and four other board members to examine Hutchison's proposal in a short period of time and see whether it is in its interest to pursue negotiations. 

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