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Telecom Italia key shareholders fail to reach agreement on management report

Date: 11/7/2007 3:21:38 PM

MILAN, Nov. 7, 2007 (Thomson Financial delivered by Newstex) Telecom Italia SpAs controlling shareholders have failed to reach an agreement on the appointment of a new management team, Radiocor reported, without citing sources.

The respective chairmen of Intesa Sanpaolo SpA (OOTC:IITSF) and Mediobanca SpA met for lunch today to discuss the management issue at Telecom Italia but were unable to reach agreement, Radiocor said.

Intesa Sanpaolo and Mediobanca are shareholders of Telco, which has a controlling 23.6 pct stake in Telecom Italia.

Other Telco shareholders are Telefonica SA (NYSE:TEF) (OOTC:TEFOF) , Assicurazioni Generali SpA and the Benetton familys Sintonia.

Copyright Thomson Financial News Limited 2007. All rights reserved.

The copying, republication or redistribution of Thomson Financial News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Financial News.

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Source: http://money.cnn.com/news/newsfeeds/articles/newstex/AFX001320808227.htm


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