TELECOM ITALIA S.P.A.: COMPLETES THE SALE OF MATRIX TO LIBERO (WEATHER GROUP)
October 31 2012 - 5:50AM
Italian Regulatory (Text)
PRESS RELEASE
TELECOM ITALIA COMPLETES THE SALE OF MATRIX TO LIBERO (WEATHER
GROUP) Positive impact on the Group's financial position for 88
million euros
Rome, 31 October 2012 Telecom Italia has completed the sale of its
fully owned company Matrix to Libero, controlled by Weather
Investment II S.à.r.l.. The deal will have a positive impact on the
Group's deleverage at year-end for 88 million euros. Matrix, with
its Virgilio portal, is a company operating in the Internet sector
and one of Italy's leading digital advertising players at local and
national level. It also operates in the directory assistance market
with the `1254' service. The sale of the company will contribute to
achieving the Group's goal of deleverage for 2012 and represents a
further step in the process of rationalization of the Group's
shareholdings and shift of focus toward its core business.
Telecom Italia Press Office
+39 06 3688 2610 http://www.telecomitalia.com/media
Telecom Italia Investor Relations
+39 02 8595 4131
http://www.telecomitalia.com/investorrelations
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