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Telecom Italia has signed the partial renewal of a credit line

08/07/2001 - 12:00 PM

Telecom Italia announces that it has signed the previously announced partial renewal of a credit line, granted by 36 major Italian and international institutions for €8 billion. The operation will have a maturity of 364 days and reduces the previous €13 billion credit line by €5 billion, as a result of medium and long term consolidation operations of the Group´s indebtedness, which took place in the first half of the year through the issue of debt obligations.