(Alliance News) - Telecom Italia Spa announced Friday that it has successfully completed its dollar exchange offer on the group's bonds.

As disclosed by the former monopolist, a total nominal value on Telecom Italia Capital's bonds of EUR2.00 billion was accepted, reaching the maximum limit set for such exchange offers.

TIM's stock is down 0.1 percent at EUR0.25 per share.

By Giuseppe Fabio Ciccomascolo, Alliance News senior reporter

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