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TIM small investor group to file slate of candidates for board renewal

Reuters
·1-min read

MILAN, March 25 (Reuters) - Telecom Italia's (TIM) association of small investors, Asati, said on Monday it would file a slate of candidates for the renewal of the board of directors of the former phone monopoly. The group represents thousands of small Telecom Italia's investors with a combined stake of around 1%.

ASATI supports the general outline of TIM's business plan to sell its domestic fixed-line access network as well as the sale of submarine unit Sparkle to cut a debt, it said in the statement.

(Reporting by Elvira Pollina, editing by Giulia Segreti)