Bernabe to unveil plan to merge telecom units

Article Abstract:

The chairman of Telecom Italia S.p.A. has announced a plan to prevent a hostile takeover. Franco Bernabe proposed that a merger of the company's fixed-line and cellular units would be more efficient than a takeover by Olivetti SpA. Bernabe hopes to lower operating costs and increase efficiency through the move. Ultimately, the decision to combine the two units will be made by Telecom Italia's shareholders.

Comment:

Telecom Italia S.p.A. announces a plan to prevent a hostile takeover.

Telecommunications, Financial management, Telephone Communication, Telecommunications services industry, Telecommunications industry, Abstract, Telecom Italia S.p.A.

---

Armani net fell 12% in '99, hurt by tax on share transfer

Article Abstract:

Giorgio Armani SpA reported a drop of 12% in its 1999 net profits due to taxes paid on a share transfer. The company posted 212.1 billion lire (109.5 million euros) for the year.

Sales, profits & dividends, APPAREL AND OTHER TEXTILE PRODUCTS, Males' Clothing, Men's and Boys' Cut and Sew Apparel Manufacturing, Finance, Clothing industry, Men's clothing industry, Giorgio Armani S.p.A.

---

Italians place their bets

Article Abstract:

The popularity of the lottery in Italy is growing, due in part to some liberalization of gaming laws, and the government is seeing the benefits.

Sales & consumption, Amusement and recreation, not elsewhere classified, Lotteries, Other Gambling Industries, Brief Article, Lottery industry

Similar abstracts:

• Abstracts: IBM, Lenovo plan joint PC venture. SK Telecom commits $1 billion to Unicom. When TVs Go to Their Reward. In U.S., firms Tune in to Growing Recycling Demand. Some States Say Junked Electronics Pose Environmental Threat
• Abstracts: Europeans brace for telecom IPOs. Telecom Eireann faces hurdles before IPO. Scottish Power plans to float its telecom unit by year end
• Abstracts: European investors clap, but barely audibly. Investors embrace Turkey. European firms begin to embrace one day telethons
• Abstracts: German prosecutors expand probe of telekom accounting. Music-industry outsider is expected to head BMG. Bids reach 12.6 billion in German wireless sale
• Abstracts: Deutsche Bank plans to build French branches. Opel won't close plants or fire staff in its restructuring

This website is not affiliated with document authors or copyright owners. This page is provided for informational purposes only. Unintentional errors are possible.