Italy's Letta says CDP will not take stake in Telecom Italia

MILAN Fri Aug 9, 2013 6:08am EDT

MILAN Aug 9 (Reuters) - Italian state-financed agency Cassa Depositi e Prestiti (CDP) will not buy into debt-laden phone company Telecom Italia, Prime Minister Enrico Letta said on Friday.

"There is no plan for the CDP to enter in Telecom Italia at the moment," Letta said during a press conference on CDP's business plan. (Reporting by Giselda Vagnoni; Writing by Francesca Landini)

A couple walks along the rough surf during sunset at Oahu's North Shore, December 26, 2013. REUTERS/Kevin Lamarque

Find your dream retirement town

Florida? Hawaii? Reuters has teamed up with Zillow to give you the power to customize a list of your best places to retire.  Video | Full Article