MILAN Jan 6 Shares in Telecom Italia
fell on Monday after Spain's Telefonica denied a media
report of a potential joint offer for TIM Brasil, a
unit of the Italian phone company.
Shares in Telecom Italia gained 7 percent on Friday, lifted
by a report in the Italian press that Telefonica was considering
taking over TIM Brasil with its two main rivals on the Brazilian
mobile market in order to then break it up.
Shares in Telecom Italia were down 0.6 percent by 0818 GMT
against a 0.8 percent rise in Italy's leading stock index
(Reporting by Francesca Landini, editing by Valentina Za)