Telecom Italia does not need to merge with rivals in Italy: CEO
ROME (Reuters) - Telecom Italia (TLIT.MI) does not need to merge with competitors in Italy, its chief executive Marco Patuano said on Thursday.
"Telecom does not need to merge with competitors. That would create dominant positions, even though there are nice telecoms assets around such as Metroweb's," Patuano told a parliamentary hearing.
"There is talk of a merger between H3G e Wind... Also we have been discussuing a possible merger between TIM and H3G but in the end we could not reach an agreement," he said.
Telecom Italia is controlled by Telefonica (TEF.MC) and three Italian financial companies.
(Reporting by Alberto Sisto, writing by Danilo Masoni)
- Missing jet may have strayed toward Andaman Sea: Malaysian air force |
- NYC buildings explosion kills two, more missing
- EU moves towards travel bans, asset freezes for Russians |
- Malaysia military source says missing jet veered to west |
- Exclusive: EU approves framework for asset freezes, travel bans on Russia