(Alliance News) - Telecom Italia Spa reported Friday that director Stefano Siragusa sold 850,000 shares of the company's common stock.

The shares were sold at an average price per share of EUR0.2952, for a total consideration of EUR250,920.

TIM's stock closed Friday up 6.2 percent at EUR0.30 per share.

By Giuseppe Fabio Ciccomascolo, Alliance News senior reporter

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