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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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January 29, 2016
06:31 EDTTEFTelefonica to take $3.2B hit for early retirement plan, Bloomberg says
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06:31 EDTTEFTelefonica to take $3.2B hit for early retirement plan, Bloomberg says
Telefonica plans to offer employees early retirement in a plan that will cost $3.2B upfront while saving money over the long-term in an effort to reduce debt, Bloomberg reports. The Spanish telephone company will open the plan right away to certain employees and will report the $3.2B charge as part of its Q4 results next month, the report says, citing a regulatory filing. The move is expected to save an average of EUR370M annually beginning in the second year of the plan, the report says. Reference Link

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