MILAN, April 5 Telecom Italia said on
Friday there had been preliminary contacts with the Hutchison
Whampoa group to study a possible integration with its
3 Italia unit, also known as H3G.
"The contacts are in such embryonic and preliminary state
that the company cannot further comment on the news," Telecom
Italia said in a statement.
Shares in Telecom Italia surged on Thursday after reports
the debt-laden Italian telecoms company could discuss merging
with 3 Italia.
Telecom Italia said the matter would be brought before the
board at a meeting scheduled for April 11.
Shares in the group accelerated gains after the company
statement and rose more than 4 percent.
(Reporting By Stephen Jewkes; Editing by Lisa Jucca)