Reuters: Technology News: Italian shareholders seek buyer for Telecom Italia stakes

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Italian shareholders seek buyer for Telecom Italia stakes Sep 3rd 2013, 09:54 Tweet Share this Email Print A Telecom Italia antenna booster is seen in northern Rome November 12, 2012. Credit: Reuters/Alessandro Bianchi MILAN | Tue Sep 3, 2013 5:54am EDT MILAN (Reuters) - Core Italian shareholders in Telecom Italia, led by Mediobanca, are seeking a buyer for their stakes in the Telco holding that controls the debt-laden telecoms company by September 28, people familiar with the situation said on Tuesday. Telco controls 22.4 percent of Telecom Italia and its members - Telefonica and Italy's Assicurazioni Generali, Intesa Sanpaolo and Mediobanca - have time until the Sept 28 deadline to exit their shareholder pact. "Mediobanca is a seller either of Telco or Telecom Italia shares," one of the sources told Reuters. "After September 28 Mediobanca will sell on the market." One of the sources said Telefonica wanted to keep the status quo in Telecom Italia but would "react immediately" if its control was threatened. Telefonica and the Italian shareholders declined to comment. (Reporting by Danilo Masoni, Stefano Rebaudo and Arno Schuetze; Editing by Lisa Jucca) Tweet this Link this Share this Digg this Email Reprints We welcome comments that advance the story through relevant opinion, anecdotes, links and data. If you see a comment that you believe is irrelevant or inappropriate, you can flag it to our editors by using the report abuse links. Views expressed in the comments do not represent those of Reuters. For more information on our comment policy, see http://blogs.reuters.com/fulldisclosure/2010/09/27/toward-a-more-thoughtful-conversation-on-stories/ Comments (0) Be the first to comment on reuters.com. Add yours using the box above.

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