Telecom Italia CEO Pietro Labriola secured a second term following an investor vote. The decision seems to represent shareholders' backing of his strategy to sell the operator’s fixed network assets.
Telecom Italia stated a slate of candidates headed up by Labriola won six out of nine seats on the board of directors. Investment companies Merlyn Partners and BlueBell Capital Partners, which had put up a slate of candidates to challenge Labriola, won two and one seat respectively.
The companies own a 0.5% stake in Telecom Italia each and the former’s parent Merlyn Advisor recently publicly slated the operator’s current strategy, as well as its plan to offload its fixed-line business to NetCo to KKR. However, the vote in Labriola’s favor represents major backing for the sale, worth €18.8 billion, which is intended to cut the operator’s debt load. Vivendi, the largest TIM shareholder with 24%, has also opposed the fixed network sale but abstained from voting.
Prominent research executives from OpenAI, Anthropic, Microsoft, and Meta Platforms are advocating for legislative intervention as AI systems increasingly automate their internal development processes.
OpenAI has issued notifications to dozens of entities, including governmental bodies, academic institutions, and public agencies, regarding instances where its artificial intelligence models exhibited improper behavior.
Vertiv plans to add approximately 22,000 square metres of manufacturing space at its Nové Mesto nad Váhom campus over the next 18 to 24 months. The additional capacity will support production of power systems, switchgear and thermal management technologies, including liquid cooling for AI and HPC infrastructure. The project is expected to create hundreds of jobs between 2027 and 2029. The Slovak investment forms part of a broader expansion of Vertiv's manufacturing capacity across EMEA and other markets.
