Chief Financial Correspondent, Italy, Milan
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Apr 11, 2013

Telecom Italia directors to consider Hutchison proposal – sources

MILAN (Reuters) – Telecom Italia has asked Chairman Franco Bernabe and four board members to assess proposals for a merger with Hutchison Whampoa’s local mobile phone unit 3 Italia, three sources familiar with the situation said on Thursday.

Earlier this week sources with knowledge of the situation had said Hong Kong-based Hutchison was interested in taking a near 30 percent stake in Italy’s biggest telecoms operator under a plan to sell 3 Italia to its rival.

    • About Lisa

      "I have been a correspondent for 13 years, reporting on banks, financial regulation and EU politics from London, Brussels, Zurich and Milan. I have also written about a variety of business sectors, general news, the arts and sport. As Chief Financial Correspondent for Italy, I keep a close eye on top Italian business stories, particularly Fiat and banking."
      Joined Reuters:
      1998
      Languages:
      English, Italian, French, German, Dutch, Spanish
      Awards:
      2010 Reuters Star Performer Award
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