Telecom Italia denies possible company break-up

MILAN Tue May 21, 2013 3:52pm EDT

MILAN May 21 (Reuters) - Telecom Italia denied on Tuesday that a company break-up was under consideration.

"Telecom Italia points out that speculations about a possible break-up are groundless," a spokesman for the company said in an emailed statement.

Earlier on Tuesday three sources told Reuters the Italian phone company was mulling a spinoff of its mobile unit along with its fixed-line network from the rest of the company to bring new investors on board.

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