Home » Telecom Italia revives on the stock market and reaches + 12%, Labriola reassures: ‘do not panic’

Telecom Italia revives on the stock market and reaches + 12%, Labriola reassures: ‘do not panic’

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Telecom Italia revives on the stock market and reaches + 12%, Labriola reassures: ‘do not panic’
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The TIM title is on the roller coaster today. At the start, the stock touched new historical lows in the 0.22 euro area, with a decline of more than 11% and then quickly climbed up to 0.28 euro (+ 12%). At 15:05 it marks a + 6.21% to 0.265 euros. Today, the words of the ceo Pietro Labriola are holding the spot, who wrote to the employees of the group: “The reaction of the market was quite obvious. The numbers we have presented are different from those of the past. Do you need to worry? I’m worried too, but you need healthy concern and don’t panic. We are aware of our ability to face the challenge. We need to get back to doing our job well, namely that of Tlc services. “Meanwhile, awaiting the response of the board of directors on the offer announced last November by KKR, TIM’s roadshow with investors started today. Last week Labriola remarked how KKR’s plan does not differ much from what the group intends to implement and he said he was convinced that doing it internally could generate more value for investors.

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