(Alliance News) - Telecom Italia Spa announced on Thursday that board member Stefano Siragusa has sold 1.2 million ordinary shares of the company.

The shares were sold at an average price of €0.4210 each, for a total value of €506,580.88.

TIM shares closed Thursday up 1.3% at €0.43 per share.

By Giuseppe Fabio Ciccomascolo, Alliance News Senior Reporter

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