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Telecom Italia board of directors confirms Patuano as CEO

2014-04-18 15:29:00| Telecompaper Headlines

(Telecompaper) The first meeting of the new 13-strong Telecom Italia board of directors confirmed the appointment of Marco Patuano as the company's Chief Executive Officer, assigning him responsibility for the overall management of the group and for implementing and developing the strategic, industrial and financial plans in Italy and South America. Patuano, who has been CEO since Franco Bernabe's resignation as chairman in October, was also handed responsibility for relations with the Italian regulators Agcom and Agcm and the corresponding authorities abroad, in coordination with the new chairman, Giuseppe Recchi. The board also defined Recchi's powers, granting him a general guidance role in the development and implementation of Telecom Italia's strategic, industrial and financial plans, supervision of the company's organisational structures, as well as a representational role in the company's external relations with authorities, institutions and investors.

Tags: board italia directors ceo

 

Telecom Italia appoints Recchi as chairman in board shake-up

2014-04-17 09:50:00| Telecompaper Headlines

(Telecompaper) Telecom Italia shareholders have appointed Giuseppe Recchi as chairman after an 11-hour meeting that for the first time sees independent directors placed in charge of the company. Although Recchi was the candidate of Telco SpA, the Telefonica-led group that holds a controlling 22.4 percent stake in Telecom Italia, he has no ties with it and can therefore be classified as an independent, along with most of the 13 directors appointed yesterday for a three-year term. Telco got backing for three directors in the first round of voting and another seven in the second round, while mutual funds association Assogestioni got all three of its proposed candidates approved after winning most votes in first round. However, none of the candidates of the Findim Group of 5 percent shareholder Marco Fossati managed to obtain a board seat, partly due to the complex voting system he has criticised. The lack of proper representation for minority investors prompted a Fossati-led shareholder revolt last year with the aim of ousting the board, resulting in Telco's proposal of a new board of independent figures led by Recchi, who drew around 97 percent of votes and whose appointment was yesterday cautiously welcomed by Fossati. "We have to start with a new era ... but if a conflict of interest becomes evident we will seek again to revoke the board," he said.

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Telecom Italia appoints Giuseppe Recchi chairman

2014-04-17 02:00:00| Total Telecom industry news

Independent directors dominate operator's 13-member board as it aims to create distance between itself and Telefonica.

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Sawiris ready to invest $2bn in Telecom Italia if Telefonica exits

2014-04-14 02:00:00| Total Telecom industry news

Egyptian businessman is waiting for Spanish incumbent to make a decision on its own future before making a move for Italian operator.

Tags: ready italia telecom invest

 

Telecom Italia to offer Sky TV service to broadband base

2014-04-10 13:34:00| Telecompaper Headlines

(Telecompaper) Telecom Italia has reached an agreement to offer the pay-TV service Sky Italia to its broadband customers. A new IP-based delivery platform will be developed to offer the full range of Sky services to Telecom Italia customers. The Sky service will be marketed to TI customers from 2015, focusing on those using the FTTC network, which can better support HDTV. The agreement is expected to improve the growth prospects for TI's FTTC service, as its own Cubovision TV service has failed to attract many customers. For Sky, the deal expands its distribution to households that cannot mount satellite dishes.

Tags: service offer base italia

 

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