Finance / Italy
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Telecom Italia Faces Pressure For Change
July 2008 | Company News AlertSorry, you must be a subscriber to view this article in full. If you are a subscriber please login.
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Telecom Italia's CEO is facing increasing pressure from shareholders over the company's turnaround strategy, which was revealed in March. Franco Bernabè has already indicated that the strategy may be revised before the end of 2008, but some of the company's shareholders have been less than impressed with the plan, which promises 'no fireworks', and investors have been disappointed by profit projections at just 39% of revenue.