Telecom Italia Non-Voting Shares Advance on Conversion Plan

Updated on
  • Exchange could raise about $620 million for phone company
  • Nine-month revenue declined almost 7% to 14.9 billion euros

Telecom Italia SpA’s non-voting savings shares rose as much as 8.5 percent in Milan as the indebted carrier reported its first quarterly growth in domestic mobile-service revenue since at least 2010 and proposed converting the share class into common stock to generate cash.

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