Vodafone sues Telecom Italia for €1B as tough times continue

Telecom Italia is still facing a series of challenges, with the latest news that it is being sued by Vodafone for €1 billion for allegedly abusing its dominant position in Italy. Telecom Italia rejected the claim, saying it was confident it would demonstrate the "total correctness" of its behaviour. The company also risks a downgrade to junk-bond status after rejecting calls for a stock sale and failing to win capital from overseas investors, Bloomberg reported. The latest developments come as the Italian operator pursues a plan to spin off its fixed-line network, and after it recently ended talks with Hutchison Whampoa over a merger of their respective Italian mobile businesses. Article