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Telecom Italia Plans to Start Business Unit Stake Sale

The carrier’s board is expected to start sale process Nov. 9
Phone company focusing on extracting value separating assets

Telecom Italia SpA Stores as Company Seeks $21.5 Billion for Landline Grid — Photographer: Alessia Pierdomenico/Bloomberg

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By Daniele Lepido

November 2, 2022 at 5:35 PM UTC

Updated on

November 3, 2022 at 8:16 AM UTC

This article is for subscribers only.

Telecom Italia SpA plans to kick off the sale of a minority stake of its enterprise unit, potentially valued over 6 billion euros ($5.9 billion), in a move aimed at raising cash to start cutting its debt pile, according to people familiar with the matter.

Telecom Italia shares rose as much as 2.7% in Milan trading, giving the company a market value of about 4.5 billion euros.