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Stock Market & Financial Investment News

News Breaks
March 19, 2014
07:21 EDTTEF, TITelecom Italia largest owner to propose Recci as chairman, Bloomberg says
Telecom Italia (TI) main owner, Telco, is set to propose Giuseppe Recchi as chairman to lead the company's turnaround effort, according to Bloomberg, citing people familiar with the matter. Telco is a Telefonica (TEF)-led holding company that owns 22.4% of the Italian phone carrier. Reference Link
News For TI;TEF From The Last 14 Days
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July 1, 2015
11:37 EDTTIVivendi reports 14.9% stake in Telecom Italia
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June 30, 2015
07:45 EDTTEF, TIEU agrees to enact 'net neutrality' law, WSJ reports
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June 25, 2015
17:55 EDTTIVivendi CEO says 'never say never' on raising Telecom Italia stake, Reuters says
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June 24, 2015
15:41 EDTTEF, TIVivendi increases position in Telecom Italia to 14.9%
Vivendi (VIVHY) announced that it has received 1.11B ordinary shares, or 8.24%, of Telecom Italia (TI) in exchange for 4.5% of the share capital of Telefonica Brasil (VIV), in accordance with the option given to it as part of the sale of GVT to Telefonica (TEF). Separately, Vivendi increased its ordinary shares in Telecom Italia from the recently purchased 1.9% with an additional stake of 4.76% purchased on June 22 for a total of 6.66%, representing a global cash payment of approximately EUR1B. Vivendi now owns 14.9% of Telecom Italia’s ordinary shares and has thus replaced Telefonica as the company’s largest shareholder. "This investment represents an opportunity for Vivendi... to expand in a market with significant growth prospects and a very strong appetite for quality content. Vivendi intends to support Telecom Italia over the long term," said the company.
June 22, 2015
06:42 EDTTIVivendi expected to raise Telecom Italia stake to 14.9%, Reuters reports
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