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The Future of “Telecom Italia” remains linked to Li Ka-Shing

The Future of “Telecom Italia” remains linked to Li Ka-Shing
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  • On April 15, 2013

I realize there’s also the Telecom Italia, who last week had taken advantage of the positive climate of the market, while developing a nice rally in response to rumors that spoke of an integration agreement cin 3 Italy.

The Board of Directors last week has entrusted to a group of “wise men” led by President Franco Bernab√© the task of examining the dossier to the merger with the subsidiary of Chinese giant Hutchinson Whampoa.

They had been in the air, however, fears of a negative opinion of the shareholders of Telco, the holding company that controls the phone company, where it accounted for veto of Telefonica.

Over the weekend, the CEO of Intesa Sanpaolo’s Enrico Cucchiani, which holds about 11% of Telco, said that the proposal needs to be examined carefully. A view shared by the other shareholder banks and financial partners Italians. However, it remains the unknown Telefonica, which would have every interest in maintaining the status quo and do not promote a development plan to anoint period of Telecom Italia, for obvious strategic reasons, taking into account also the confrontation with Carlos Slim in Latin America .

Within these complicated schemes and plots by the number one company Franco Bernabe, the most recent period has seen progressively deteriorating relations with the major shareholders of Telecom Italia, Telco, meeting, and that would point to the revival of the telephone company with the ‘help of Chinese tycoon Li Ka-Shing.

Special Update:

Telecom Italia yields about 2% on the stock market, Bernabe studies the dossier 3Italy. Telecom weak Italian Piazza Affari, where leaves on the parterre about 2 percentage points to 0.623 euro, after a week spent in the spotlight and culminated with the Board that the Chairman Franco Bernabe has entrusted the mandate to explore the possible integration with 3Italy, a subsidiary of Chinese giant Hutchinson Whampoa. Saturday Enrico Cucchiani, CEO of Intesa Sanpaolo, which controls about 11% of Telco, said that the hypothesis needs to be examined carefully. Teaspoons also showed appreciation for the interest of major international investors in Italy.