Telecom Italia says no “merger project” with Telefonica

www.WirelessFederation.com/news: Telecom Italia, the Italian mobile operator has said in a statement that there is no “merger project” between the operator and Telefonica Spain, denying the speculation made by a news report which said that two are planning a possible merger.
The paper said that Telecom Italia’s management is in talks with its two controlling stake holders Intesa Sanpaolo SpA and Mediobanca last Monday about the possibility.
“At the moment there is no plan, there is simply the hypothesis that probably already this morning will be denied,” the paper said.
Telecom Italia Chief Executive Franco Bernabe said that the company doesn’t have any strategic, extraordinary deals on its radar.