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.