Link: Swisscom offers €3.74 billion for FastWeb of Italy – International Herald Tribune.
FastWeb’s future has been called into question by some analysts. The company’s €124 million loss last year was unchanged from 2005, debt doubled last year to €1.1 billion and Scaglia and other executives are under investigation by prosecutors in Rome over billing procedures. No charges have been filed, and Scaglia and the company have denied any wrongdoing. Scaglia and Stefano Parisi, the FastWeb chief executive, have also been criticized for paying out financial reserves to shareholders even though FastWeb is losing money
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L’articolo e’ accessibile, e interessante.
