Norway wealth fund to back new mandate for Telecom Italia CEO

MILAN: Telecom Italia (TIM) shareholder Norges Bank plans to back another mandate for the phone group’s Chief Executive Pietro Labriola in a vote to renew the board on April 23, it said on Thursday.

A document on the Norwegian sovereign wealth fund’s website showed it would support the slate of candidates put forward by the outgoing TIM board at the company’s annual general meeting next week.