MQG News: Italian Right Plans to Take Telecom Italia Private, Halve Debt - 12th Aug 2022, 7:47pm

[annb0t]

(Bloomberg) -- Italy’s far-right Brothers of Italy party, which is leading polls ahead of snap elections next month, is promoting a plan to take Telecom Italia SpA private and sell off the phone company’s assets in a bid to cut its debt pile by more than half, people familiar with the matter said. The shares jumped.

Most Read from Bloomberg

Striking Drop in Stress Hormone Predicts Long Covid in Study The Fed’s Damage to the Housing Market May Last Years Garland Seeks to Unseal T...

>>> Read more: Italian Right Plans to Take Telecom Italia Private, Halve Debt