TIM: no juice in Orange story

8 Oct 2015

Marco Patuano, the CEO of Italian telco TIM (formerly Telecom Italia), has once again denied that negotiations are underway with French counterpart Orange Group over a possible tie up. The two firms have been repeatedly linked as potential merger partners, with Deutsche Telekom of Germany also named as a possible suitor. The reports come as TIM’s largest shareholder, Vivendi of France, confirmed that it had upped its interest in the Italian firm to 19.9%, from 15.49% previously. Vivendi says it sees its stake in TIM as a long term strategic asset as it looks to increase its presence in the Italian broadcasting and communications sector.

Italy, Orange Group, Telecom Italia (TIM), Telecom Italia Group (TIM Group)