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Telefónica to inject €1.5-2Bn Cash in Telecom Italia

MADRID | By Julia Pastor | Telecom Italia needs to reorganise  its balance sheet via a capital increase, a dividend cut or a sale of assets. Spanish Telefónica, which has a 22.4% stake of the Italian firm through Telco, may be willing to help the company by a convertible securities issue or the participation in that capital increase.