Telecom Italia SPA (IT:TIT) has released an update.
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Telecom Italia’s Board of Directors has acknowledged an investigation by the Rome Prosecutor into a private corruption case, asserting the company is uninvolved and a victim. The company has initiated audits and appointed Giampaolo Leone as the new Head of Procurement & Logistics, highlighting its commitment to compliance and strategic management.
For further insights into IT:TIT stock, check out TipRanks’ Stock Analysis page.