Telecom Italia awaits new leaders

The controlling investors of Telecom Italia have nominated a new chairman and a new CEO to lead the telco, and their choices will be up for board of directors approval later this week. The nominations committee of Mediobanca SpA, one of the four Italian financial firms that teamed with Spain telco Telefonica to buy a 24% controlling stake in Telecom Italia's holding company, has nominated former Mediobanca chairman Gabriele Galateri as chairman of Telecom Italia and Franco Bernabe, who headed Telecom Italia briefly years ago, as the new CEO. The investment deal, by the way, gives Telefonica a direct 10% stake in the Italian ILEC.

For more:
- read this story in BusinessWeek

Related articles:
- Brazilian regulators had some say on Telefonica's Telecom Italia investment

Suggested Articles

Working with other researchers, Nokia Bell Labs has developed a new battery that promises to deliver 2.5 times the longevity of today’s batteries.

While AT&T is throttling back on its fiber build-out starting next month, Verizon looks to accelerate its fiber deployments.

A new report by 650 Group breaks down the impact that the tariffs, trade war and Huawei are having across various vendor market sectors.