Telecom Italia SpA Faces Network Sale To Overcome Hutchison Whampoa Ltd Hurdle-Reuters


Tuesday, 16 Apr 2013 08:12am EDT 

Reuters reported that if Telecom Italia SpA wants to agree a tie-up with Hutchison Whampoa Ltd, it may first have to sell its strategic fixed-line network to the state. Although the $4 billion plus tie-up has obvious attractions, as it would create large cost-saving opportunities and ease competition pressures at a time when recession is biting into margins, it faces formidable obstacles. 

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