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Friday, Sep 27
Reuters: Telecom Italia CEO considering resignation
- Telecom Italia (TI -1.6%) CEO and Chairman Franco Bernabe is considering resigning at a board meeting scheduled for next Thursday, Reuters reports, citing a source.
- Bernabe has guided the embattled telco with a contrarian approach. He resisted pressure to sell TI's LatAm operations at a parliamentary hearing this week and had opposed a capital raise back in Aug. before caving this week as the company faces a looming downgrade of its debt to junk.