April 5, 2013 / 11:20 AM / 5 years ago

Telecom Italia says in preliminary contacts over 3 Italia

MILAN, April 5 (Reuters) - 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)

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below