Free Trial

Merelyn Advisors Confirm Intent To Propose New Telecom Italia Board Candidates At AGM

COMMUNICATIONS



  • Not much new in the Telecom Italia headlines; 0.53% stake holders Merelyn Advisors confirming the position indicated in the BBG sources piece that they have a list of board candidates to present at the AGM.
  • Merelyn seem to be backing the sale of the TITIM consumer and Brazil units while favouring the creation of a TechCo business arm. Again, nothing is certain and Merelyn have failed to enact change at TITIM before.
  • Bonds look to be streaming slightly higher since the announcement but muted DoD and within their intraday range. Potential for faster asset sales presents a bullish possibility for spreads.
  • To read the full story

    Close

    Why MNI

    MNI is the leading provider

    of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

    Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.