T.Italia CEO says sticking to 2009-2010 targets

reuters.com     08-Aug-2008          

MILAN, Aug 8 (Reuters) - Telecom Italia is sticking to its forecasts for sales growth and core profit in 2009-2010 despite cutting the targets for 2008, Chief Executive Franco Bernabe told analysts on a conference call on Friday. He also said the company would keep guidelines on dividend policy outlined in its strategic plan in March and that it would not seek a capital increase. "We confirm whatever we said (in March) and we will stick to this," Bernabe said, taking into account below-forecast performances in Germany and Brazil which prompted the decrease in 2008 targets. (Reporting by Jo... [read full story]                    


*Newstin tag cloud displays all featured persons, associated organizations, related topics, regions and companies