Telecom's negative momentum on the Stock Exchange continues: in the morning, in fact, the group's share lost 2,11% on Piazza Affari, at 0,6505 euro per share, placing itself at the end of the Ftse Mib, while Fitch confirmed its long-term rating at BBB, with a negative outlook.
In recent days, Telecom shares have been dragged down by the industrial plan presented last Friday during a conference call, during which the telecommunications company announced "the group's intentions to strengthen the by halving the dividend to be distributed to shareholders and through the issuance of 3 billion hybrid bonds in the next 24 months”. At the launch of Telecom also a decisive cut in costs.
The decision relating to the sale of the subsidiary Telecom Italia Media (which instead gains 1,94% on the Stock Exchange), on the other hand, was postponed further to February 18th.
