UPDATE 1-Telecom Italia picking funds for fiber network deal as debt falls
Telecom Italia (TIM) said
on Thursday it has made progress in cutting its debt burden as
it presses ahead with plans to find an investment partner to
help it fund a potential tie-up with smaller rival Open Fiber.
In a statement on nine-month results the former phone
monopolist said it had cut its debt by almost one billion euros
from end-2018 to 24.3 billion euros ($26.85 billion), meeting
its full-year target three m
on Thursday it has made progress in cutting its debt burden as
it presses ahead with plans to find an investment partner to
help it fund a potential tie-up with smaller rival Open Fiber.
In a statement on nine-month results the former phone
monopolist said it had cut its debt by almost one billion euros
from end-2018 to 24.3 billion euros ($26.85 billion), meeting
its full-year target three m
Posted by Reuters
