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Sovereign Wealth Funds Briefing - Categorized | Alternative Investments, Investment

Telecom Italia was approached by SWFs; no offers yet

Posted on 08 October 2008

From Bloomberg: Telecom Italia SpA, Italy’s biggest phone service provider, said some sovereign funds expressed an interest in buying a stake in the company, though they haven’t made offers yet, Chief Financial Officer Marco Patuano said.

Milan-based Telecom Italia said Sept. 25 its board was informed of interest from investors interested in buying a stake in the company, although no proposal was received. The company said that it didn’t solicit the indications of interest….. Full Article: Source


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