TI plays down rumours

9 Mar 2006

Telecom Italia’s chairman has denied press speculation that it is planning a merger with Spanish counterpart Telefónica. Marco Tronchetti Provera commented: “We have no plans with Telefónica.” Reuters reports that Telecom Italia has also denied that it is considering making a move to enter the mobile markets in France and Germany where it already has fixed line operations.

Italy, Telecom Italia (TIM), Telefonica