On Air Now

Upcoming Shows

Program Schedule »

Listen

Listen Live Now » 1330 AM Sheboygan, WI

Weather

Current Conditions(Sheboygan,WI 53081)

More Weather »
62° Feels Like: 62°
Wind: WSW 6 mph Past 24 hrs - Precip: 0.1”
Current Radar for Zip

Tonight

Clear 60°

Tomorrow

Isolated Thunderstorms 78°

Wed Night

Clear 60°

Alerts

Telecom Italia top investor to discuss vote decisions on December 19

A Telecom Italia antenna booster is seen in northern Rome November 12, 2012. REUTERS/Alessandro Bianchi
A Telecom Italia antenna booster is seen in northern Rome November 12, 2012. REUTERS/Alessandro Bianchi

MILAN (Reuters) - The holding company that controls Telecom Italia said on Tuesday it would hold a board meeting on Thursday to discuss decisions relating to a shareholder meeting called to oust the board of the phone group.

In a statement, Telco said the decisions also relate to the number, pay and term of directors, should the meeting due on Friday approve the proposal to revoke the board.

Telco is controlled by Telefonica together with Italy's Assicurazioni Generali, Intesa Sanpaolo, and Mediobanca. It controls Telecom Italia with a stake of 22.4 percent.

In November, Telco said it would vote against board removal proposal submitted by 5 percent investor Findim.

(Reporting by Danilo Masoni; editing by Francesca Landini)

Comments