TIM is to go ahead with its 2024-2026
business plan, sources said after an extraordinary board meeting
on Sunday.
The Italian telecoms giant called the meeting on Friday after
shares plummeted 24% on the Milan stock market following the
unanimous approval by the board of the 'Free to Run' plan on
Wednesday.
On Sunday CEO Pietro Labriola and advisors however reportedly
told the board that the plan cannot be considered responsible
for Thursday's crash and so it can go ahead.
An additional market communication is now expected from TIM
management.
TIM shares recovered 4.8% in Milan on Friday.
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