Telecom Italia Proposes Stock Buyback and Reverse Split

Telecom Italia SpA's board has put forward a proposal for a stock buyback of up to €400 million ($471 million) alongside a 1-for-10 reverse stock split. Bloomberg posted on X, the move aims to revamp the company's equity structure following the sale of certain assets. This strategic decision is part of Telecom Italia's broader efforts to optimize its financial standing and enhance shareholder value.