MILAN (Reuters) – Activist investor Elliott Management has bought 6 percent of Telecom Italia
Bloomberg reported on Monday Elliott was building a stake in Telecom Italia.
Both Telecom Italia, whose board meets on Tuesday to approve a new business plan, and Elliott declined to comment.
Shares in Telecom Italia rose 5.3 percent by 0912 GMT.
(Reporting by Valentina Za; editing by Francesca Landini)