BOLOGNA, Italy, April 18 The speaker for a group
of investors who control about 18.4 percent of Italy's state
fund Cassa Depositi e Prestiti (CDP) rejected on Thursday
suggestions that Telecom Italia's phone network could
fall under control of a foreign player.
Telecom Italia is in preliminary talks with Hutchinson
for a possible tie-up that could lead to the Hong
Kong-based conglomerate taking the largest stake in the Italian
"In general, domestic networks should not fall into foreign
hands," Giuseppe Guzzetti, who chairs a group of banking
foundations that invest in CDP, said when asked about the future
of Telecom Italia's network.
Politicians and some sources close to the Telecom Italia
talks have suggested that the CDP could take a stake in Telecom
(Reporting By Valentina Accardo, Writing by Lisa Jucca)