Telecom Italia Simplifies Capital Structure

29 days ago

Kit Reese

"Telecom Italia is calling time on their capital structure by eliminating the savings share class which has been used since the 1970s. The company recently won a court case against the Italian government, netting a 1 billion euro windfall, and now aims to boost stock liquidity and lower administrative costs. The change will be put to shareholders at the end of January."

Telecom Italia plans to simplify its capital structure by eliminating the savings share class, leveraging a recent 1 billion euro court win. This move is expected to increase liquidity and reduce administrative costs, with shareholder approval expected at the end of January.

Related Stocks