Telecom Italia closed 2015 with a loss of 72 million euros. Non-recurring charges and the buyback of own bonds brought the largest Italian telecommunications group into the red, but both EBIT and EBITDA are down while debt (27.278 million euros) is up by 627 million .
However, Telecom's board of directors will propose the distribution of a dividend of 2,75 cents per share to savings shareholders. The offers made by Cellnex/F2i and Ei Towers for the purchase of the Inwit towers are still to be evaluated. “It will still take some time” commented CEO Marco Patuano.
But what keeps Telecom in fibrillation is above all the fate of the group's top management in view of the next spring meeting. In this regard, Vivendi, Telecom's largest shareholder, has so far been cryptic. In this regard, clarifications are awaited in a board meeting scheduled for mid-April.
