Pietro Labriola secured a second term as CEO of Telecom Italia after investors voted in favour to keep the executive in the role for another three years.
Telecom Italia’s top shareholder has vowed to “use any legal means at its disposal” to block the Italian phone company from selling its fixed infrastructure.
European stock markets open higher on Monday, awaiting some European data expected in the morning, including the Eurozone s economic climate. Also coming this week will be monetary policy decisions.
On Monday, European stock markets continued to post mid-session gains after Eurozone and EU confidence data. In October, the economic sentiment indicator stabilized both in the EU, rising 0.2 points.