ROME-Telecom Italia’s restructuring plan, announced in September, may have to be reconsidered, according to press reports. The plan included the transfer of Telecom Italia’s 60-percent controlling stake in Telecom Italia Mobile to Tecnost, the holding company used to acquire control of Telecom Italia.
Financial advisers originally suggested Telecom Italia shareholders receive between 1.5 and 1.65 new Tecnost shares in exchange for transferring the controlling stake in TIM to Tecnost. Newly appointed advisers are discussing a ratio of between 2 and 2.4 Tecnost shares. The ratio is considered too steep by Roberto Colaninno, Telecom Italia chairman, and the other majority shareholders, according to reports in the Financial Times and the Wall Street Journal.
