• 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.

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

    Last updated at:Mar-20 14:02By: Niall Madigan





  • 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.

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