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Stock Exchange, TI Media: Cairo effect, another rally

The wave of sales is still determined by rumors according to which, as part of the sale of La7 in Cairo, the parent company Telecom Italia will waive the receivables due from the TI Media holding company.

Stock Exchange, TI Media: Cairo effect, another rally

In stark contrast to the strongly negative trend of the market, Telecom Italy Media the rally in Piazza Affari continues. After gaining more than six points yesterday, today at the beginning of the afternoon the company's shares show an increase of more than 5%, with a maximum reached at 0,1851 euro. 

The wave of sales is still determined by rumors according to which, as part of the sale of La7 in Cairo, the parent company Telecom Italia will waive the credits due from the TI Media holding company. Credits which at the end of the year amounted to approximately 260 million, or almost the entire debt of the company.

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