Telecom Italia has received expression of interest

26 Sep 2008

The rumour mill has been working overtime when it comes to Telecom Italia. The Italian incumbent is set to unveil its new 2009-2011 business plan on 2 December and speculation is rife as to which operators and countries it may have in its sights as possible acquisition targets, as well as possible new investors, or unit spin-offs. The company had denied all suggestions until yesterday when it confirmed it has received recent expressions of interest to invest in the group’s capital. Reports suggest a Libyan sovereign wealth fund is ready to buy a stake in Telco, the holding company that took control of Telecom Italia in April 2007. A company spokesperson said, ‘None of these indications of interest has been solicited by the company and no concrete proposal has been made’.

Italy, Telecom Italia (TIM)