Shares in Telecom Italia opened higher on Monday after Egyptian tycoon Naguib Sawiris told the media over the weekend he would be prepared to invest in the Italian phone group and bid for its Brazilian unit.
The stock rose as high as 1 percent before reaching parity. By 08:07 GMT, Telecom Italia shares were up 0.2 percent and outpacing the Milan blue chip index which were down 0.8 percent.
Sawiris informed Bloomberg News he would invest in Telecom Italia as long as the group's biggest
No comments:
Post a Comment