Business Standard

Italy's CDP says will build stake of up to 5 percent in Telecom Italia

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Reuters MILAN

MILAN (Reuters) - Cassa Depositi e Prestiti (CDP) said on Thursday its board had approved an investment in Telecom Italia which would gradually lead the Italian state agency to own up to 5 percent of the country's biggest phone group.

CDP said in a statement the investment had a long term perspective and fell under CDP's mission to support infrastructures deemed strategic for the country and to promote development in a key sector.

(Reporting by Valentina Za)

(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)

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First Published: Apr 05 2018 | 11:43 PM IST

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