Telecom travels in sharp contrast to Piazza Affari. At the end of the morning, while the Ftse Mib dropped more than one percentage point, the company's shares gained 2,7%. This is the only increase recorded at the moment on the Milanese price list together with the - more contained - increase of Montepaschi (+0,6%).
The wave of purchases on Telecom stock arrives in the aftermath of Board that gave mandate to Franco Bernabè, assisted by a committee of four directors, to examine the feasibility of a possible integration with 3 Italia in a short time. At the same time, the Council relaunched the plan to unbundle the network.
The Chinese Hutchinson Whampoa, which controls 3 Italia, has set as a condition for the merger to become the reference shareholder of the group led by Franco Bernabè.
