April 5, 2018 / 6:16 PM / a year ago

Italy's CDP says will build stake of up to 5 percent in Telecom Italia

MILAN (Reuters) - Cassa Depositi e Prestiti (CDP) said on Thursday its board had approved an investment in Telecom Italia which would gradually lead the Italian state agency to own up to 5 percent of the country’s biggest phone group.

CDP said in a statement the investment had a long term perspective and fell under CDP’s mission to support infrastructures deemed strategic for the country and to promote development in a key sector.

Reporting by Valentina Za

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below