- 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.