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Telecom Italia -6.3% after slide in EBITDA

Jan. 18, 2019 11:40 AM ETTelecom Italia S.p.A. (TIIAY) StockVIVEF, VIVHY, TIIAYBy: Jason Aycock, SA News Editor3 Comments
  • Telecom Italia (NYSE:TI) is 6.3% lower on the NYSE today after yesterday's preliminary release showed an expected organic drop to 2018 domestic EBITDA.
  • The news was out during NYSE trading hours yesterday, but today's move tracks a 7.2% decline for the company's stock today in Milan.
  • That release comes from TI's new management, led by Elliott Management -- which could again face a stand-off with top shareholder Vivendi (OTCPK:VIVHY) for control at the next shareholder meeting. Elliott wrestled control of the company from Vivendi last spring.

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