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Telecom Italia (TI) shares +3.6% to €0.595 in Milan following a report that Hong Kong's...

Telecom Italia (TI) shares +3.6% to €0.595 in Milan following a report that Hong Kong's Hutchison Whampoa (HUWHF.PK) could acquire a 29.9% holding in TI for €1.2 a share. In return, TI would be able to buy Hutchison mobile unit 3 Italia. The deal would make Hutchison the largest shareholder in TI, as its stake would exceed the 22.4% held by the Telco consortium, which includes Telefonica (TEF).
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Comments (1)
  • Peter Gelinas
    , contributor
    Comments (6) | Send Message
     
    May I assume the decimal place is in the wrong spot?
    9 Apr 2013, 11:24 AM Reply Like
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