January 16, 2014 / 4:36 PM / 4 years ago

Telecom Italia says no plans or talks underway to sell Brazil unit

1 Min Read

MILAN, Jan 16 (Reuters) - Telecom Italia said on Thursday there were no plans or talks under way for a possible sale of its TIM Brasil unit.

In a statement after a board meeting, the Italian phone company said any extraordinary operation regarding its stake in the Brazilian company would follow so-called related party procedures.

Such a procedure, which envisages a review by independent directors, will be examined at a board meeting on Feb. 6, it said. (Reporting by Danilo Masoni, editing by Agnieszka Flak)

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below