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Telecom Italia does not need to merge with rivals in Italy: CEO
November 21, 2013 / 2:35 PM / 4 years ago

Telecom Italia does not need to merge with rivals in Italy: CEO

ROME (Reuters) - Telecom Italia (TLIT.MI) does not need to merge with competitors in Italy, its chief executive Marco Patuano said on Thursday.

A Telecom Italia phone booth is pictured in front of St Peter's Basilica in Rome September 24, 2013. REUTERS/Alessandro Bianchi

“Telecom does not need to merge with competitors. That would create dominant positions, even though there are nice telecoms assets around such as Metroweb‘s,” Patuano told a parliamentary hearing.

“There is talk of a merger between H3G e Wind... Also we have been discussuing a possible merger between TIM and H3G but in the end we could not reach an agreement,” he said.

Telecom Italia is controlled by Telefonica (TEF.MC) and three Italian financial companies.

Reporting by Alberto Sisto, writing by Danilo Masoni

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