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Telecom Italia SpA To Extend Talks With TV Bidders For Telecom Italia Media S.p.A. Bid-Reuters


Thursday, 17 Jan 2013 02:29pm EST 

Reuters reported that Telecom Italia SpA will extend talks with bidders for its television unit Telecom Italia Media S.p.A., after it dismissed initial offers as disappointing. The former telecoms monopoly had hoped to sell its 77.7% stake in the loss-making company by the end of 2012 to help cut debt of 29.5 billion euros ($39 billion) and focus on its core telecoms business, but has been hampered by low bids. 

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