Defeat is sweet for Telecom Italia CEO

Article Abstract:

Telecom Italia SpA's shares,which traded below 8 euro last month, closed at 12.8 euro after reaching as high as 14.1 last week. The company's shares surged after chief executive Roberto Colaninno outraged investors and abandoned a controversial plan to spin off the Italian phone company's wireless unit. The stock of the wireless unit Telecom Italia Mobile SpA , which traded below 6 euro, has increased to 9.63.

Sales, profits & dividends, Cellular and Other Wireless Telecommunications, Mobile Radio Services, Management, Finance, Wireless communications services, Telecom Italia Mobile S.p.A., Colaninno, Roberto

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Telecom Italia gets deal with unions to cut 13,000 jobs

Article Abstract:

Telecom Italia SpA has reached a labor agreement with Italian labor unions. The deal will authorize the downsizing of up to 13,000 jobs as part of the company's cost-reduction program.

Personnel administration, Labor relations

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Tiscali cancels share sale

Article Abstract:

Tiscali SpA, a telecommunications firm based in Italy, has cancelled its planned 550 million euros share sale. The company blamed instability in the market for the cancellation.

Strategy & planning, Securities, Tiscali S.p.A.

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