Telecom Italia hinted by Benetton to seek fresh funds (Italy)
A major Telecom Italia shareholder, Benetton , has hinted that the telco could be forced to seek fresh funds from investors as it looks to pay back debt or to finance a more aggressive expansion strategy.
Gilberto Benetton, whose family has an indirect stake in Telecom Italia via the Telco consortium which also involves Telefonica, said, ‘Sooner or later Telecom will have to raise capital and at that moment, we can decide whether to subscribe, and so decide whether to dilute our stake.’
