Telecom Italia SpA (TLITn.MI)
6 Dec 2013
|Market Cap (Mil.):||€12,067.29|
|Shares Outstanding (Mil.):||19,443.16|
MILAN, Dec 6 - Proxy advisor Glass Lewis has recommended that shareholders vote in favour of a proposal to remove the board of Italy's Telecom Italia, two sources who have seen the recommendation told Reuters on Friday.
(Adds J.C. Penney, Exillon, Credit Suisse, Precision, Telecom Italia, Alcatel-Lucent, Banca Popolare, Catalyst Capital, Galenika, GDF Suez, Vale, PostNL, TNT, Wencor, Sky Deutschland, Czech Airlines, LTS Lohmann, Repsol, Chanel; Updates BNP Paribas)
MILAN - Rebel Telecom Italia investor Marco Fossati said on Thursday he was opposed to the enforced sale of the company's Brazilian mobile business, as demanded by a local regulator, arguing this would depress its multi-billion euro value.
* Telefonica prefers sale of Brazil unit, Fossati against
MILAN, Dec 5 - Telecom Italia rebel investor Marco Fossati said on Thursday he was opposed to selling the company's Brazilian mobile unit TIM Participacoes to comply with an antitrust ruling.
MILAN, Dec 5 - Telecom Italia investor Marco Fossati, who is seeking to remove the company's board at a shareholder meeting on Dec. 20, said the solution to a ruling in Brazil "cannot and must not be the forced sale" of the Italian company's TIM unit in the country.
MILAN/ROME - An activist shareholder campaign to reform Telecom Italia won traction on Wednesday as influential proxy adviser ISS recommended institutional investors back a proposal to remove the company board at a meeting on December 20.
* Rebel investor says fight will continue if removal rejected
ROME, Dec 4 - Telecom Italia 5 percent investor Marco Fossati said on Wednesday there might not be enough shareholder support to approve his proposal to remove the board at a general meeting on Dec. 20 but his fight will not end there.
MILAN, Dec 4 - Influential proxy adviser ISS has recommended for shareholders in Telecom Italia to vote in favour of a proposal to remove the current board of the Italian telecoms group, an ISS report seen by Reuters on Wednesday showed.