Telecom Italia denies M&A plans

Mergers and acquisitions are not on Telecom Italia agenda, CEO Franco Bernabe, quoted by a Reuters report, said.

'We have our priorities "&brkbar; and we are concentrating on them without losing focus,' he told reporters on the margins of a business event.

A source close to the issue told Reuters last week that Telecom Italia was working to secure a new investor, possibly from the Gulf, and possibly splitting off its fixed-line unit.

Corriere della Sera newspaper reported that Telecom Italia was interested in a tie-up with South African mobile phone operator MTN Group.

India's Economic Times said last Thursday that Telecom Italia was close to a deal to invest $2 billion in a telecoms venture of real estate company Unitech. Telecom Italia denied the story.

Bernabe said reports of mergers and acquisitions were baseless.

Suggested Articles

Wireless operators can provide 5G services with spectrum bands both above and below 6 GHz—but that doesn't mean that all countries will let them.

Here are the stories we’re tracking today.

The 5G Mobile Network Architecture research project will implement two 5G use cases in real-world test beds.