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TIM to go ahead with 2024-2026 business plan - Business

2024-03-10T15:27:59.820Z

Highlights: TIM to go ahead with 2024-2026 business plan. Italian telecoms giant called the meeting on Friday after shares plummeted 24% on the Milan stock market following the board of the 'Free to Run' plan. CEO Pietro Labriola and advisors reportedly told the board that the plan cannot be considered responsible for Thursday's crash and so it can go ahead. An additional market communication is now expected from TIMmanagement. ALL RIGHTS RESERVED © Copyright ANSA.

TIM is to go ahead with its 2024-2026 business plan, sources said after an extraordinary board meeting on Sunday. (HANDLE)

TIM is to go ahead with its 2024-2026 business plan, sources said after an extraordinary board meeting on Sunday.

The Italian telecoms giant called the meeting on Friday after shares plummeted 24% on the Milan stock market following the unanimous approval by the board of the 'Free to Run' plan on Wednesday.

On Sunday CEO Pietro Labriola and advisors however reportedly told the board that the plan cannot be considered responsible for Thursday's crash and so it can go ahead.

An additional market communication is now expected from TIMmanagement.

TIM shares recovered 4.8% in Milan on Friday.

ALL RIGHTS RESERVED © Copyright ANSA

Source: ansa

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