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buy canada goose jacket cheap Independents set to dominate at Telecom Italia after board reshuffle buy canada goose jacket cheap

canada goose coats on sale MILAN, April 16 (Reuters) canada goose factory sale Telecom Italia investors gathered on Wednesday to vote on buy canada goose jacket cheap a board restructuring that will for the first time put a majority of Canada Goose Jackets independent directors in charge of overseeing Italy largest phone group. canada canada goose outlet goose coats on sale

Canada Goose sale In the Canada Goose Coats On Sale reshuffle, executives from canada goose uk outlet top shareholder Telefonica will no longer sit on the board. Canada Goose sale

canada goose coats That move is aimed at placating minority investors concerned canada goose coats on sale about a possible conflict of interest, given that the Spanish and Italian firms operate as competitors in Brazil. It is also uk canada goose designed to help chief executive Marco Patuano focus canada goose black friday sale on turning around the heavily indebted Italian group. canada goose coats

canadian goose jacket Shareholders will vote on Canada Goose sale three distinct lists of candidates, all of which would give independent directors a majority on the canada goose uk shop board. fund Blackrock with 4.8 canada goose clearance percent. canadian goose jacket

canada goose black friday sale Telecom Italia board has been dominated for years by holding company Telco, a Telefonica led group that owns 22.4 percent of the Italian firm. The Canada Goose Outlet lack of adequate representation for minority investors sparked a shareholder canada goose coats revolt led by Fossati last year. canada goose black friday sale

canada goose clearance sale Telefonica head canada goose clearance sale Cesar Alierta and Julio Linares, a former chief Canada Goose online operating officer at the Spanish uk canada goose outlet company, resigned from the Telecom Italia board in December. canada goose clearance sale

canada goose Concerned that dissatisfaction could mount, Telco proposed in March a new board Canada Goose Online of independent figures led canada goose uk black friday by chairman candidate Giuseppe Recchi, a former General Electric executive and outgoing chairman of oil group Eni. canada goose

Canada Goose Outlet The new board will hope to tap cheap canada goose uk into the recovering Italian canada goose economy, which is starting canada goose store to pull clear of its worst recession in 70 years. Canada Goose Outlet

Canada Goose Parka Under its stewardship, Patuano will have to execute planned disposals for 2 billion euros, including the sale of communications towers in Brazil and Italy, to cut debt and upgrade networks to capture canadian goose jacket growing demand for broadband. Canada Goose Parka

Canada Goose online He may also face buy canada goose jacket hard choices when it cheap Canada Goose comes to the Italian group future strategy in Brazil, where Telecom Italia unit TIM Brasil competes directly against Telefonica Vivo. Canada Goose online

canada goose clearance Sources close to Telefonica have said the Spanish group Canada Goose Parka aims to break up TIM Brasil and share its assets among other telecom players. Fossati has spoken against such a prospect and proposed combining TIM Brasil with broadband operator GVT, a unit of France Vivendi. canada goose clearance

Canada Goose Jackets Recchi is likely to win the majority of votes he needs to become board chairman at Telecom Italia, but he is being challenged by veteran telecom executive Vito Gamberale, who has been proposed by Fossati for his extensive sector experience Canada Goose Jackets.

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