Telecom Italia moves to ditch costly savings shares

Core Viewpoint - Telecom Italia (TIM) has initiated a plan to convert expensive savings shares into ordinary stock, which is expected to facilitate the resumption of dividend payments following a compensation windfall [1] Group 1: Company Actions - The conversion of savings shares into ordinary stock is a long-awaited move by Telecom Italia [1] - This plan is part of a broader strategy to improve the company's financial health and shareholder returns [1] Group 2: Financial Implications - The compensation windfall will provide the necessary funds to support the resumption of dividend payments [1] - The shift to ordinary stock is anticipated to enhance the attractiveness of the company's shares to investors [1]