TI stalls results for a second time
Telecom Italia still hasn’t finalised its 2009 results, announcing a second delay until April 12 yesterday.
CEO Franco Bernabè said the delay poses no risk to
the firm’s goal of reducing debt, or its ability to pay shareholders, adding that he was satisfied with the firm’s start to 2010.
TI Sparkle is accused of taking part in a complicated tax fraud and money laundering scheme with rival broadband provider Fastweb.
The pair deny selling phantom broadband services to companies across the globe as part of the fraud.