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Telecom Italia handed EUR 21.5 mln antitrust fine

2015-12-24 08:51:00| Telecompaper Headlines

(Telecompaper) Telecom Italia and six other companies have been fined a total of EUR 28 million by anti-trust regulator AGCM for anticompetitive conduct in the procedure for assigning network maintenance services. Telecom Italia and its external suppliers Alpitel, Ceit Impianti, Sielte, Sirti, Site and Valtellina were accused of collusion in relation to restoration of service operations resulting from a report by an end user, namely the operators Fastweb and Wind, between 05 July 2012 and 01 February 2013. Telecom Italia, which was handed a EUR 21.5 million fine, issued a statement saying it had acted lawfully and would be appealing to the Regional Administrative Court of Lazio, the main Italian administrative court of first instance, to demonstrate the non-existence of the alleged anticompetitive conduct.

Tags: eur fine italia telecom

Telecom Italia SpA (TI) Upgraded at Zacks Investment Research

2015-12-23 05:47:54| Telecom - Topix.net

The brokerage presently has a $14.00 price target on the stock. Zacks Investment Research 's price objective points to a potential upside of 13.45% from the stock's current price.

Tags: research italia investment spa

Telecom Italia SpA (TI) Downgraded by TheStreet to "Sell"

2015-12-16 23:38:34| Telecom - Topix.net

Shares of Telecom Italia SpA traded down 0.16% during mid-day trading on Monday, reaching $12.45. The company's stock had a trading volume of 41,769 shares.

Tags: to sell italia spa

Vivendi prevails in Telecom Italia board battle

2015-12-16 08:41:00| Telecompaper Headlines

(Telecompaper) Vivendi has prevailed in its attempt to gain four seats on the Telecom Italia board as a slim majority of shareholders voted in favour of the French media group's request to increase the number of board members from 13 to 17 to make way for four of its own representatives. Around 53 percent of shareholders backed Vivendi's proposal at a 15 December meeting in a vote that needed a simple majority to pass. Vivendi CEO Arnaud De Puyfontaine and three other directors will now take their place on Telecom Italia's board even though proxy shareholder advisers had previously said four seats would give the French company too much influence. Earlier on in the same session Vivendi had successfully blocked a management-supported share conversion plan that would have diluted its 20.5 percent stake to around 13 percent.

Tags: board italia battle telecom