Decision on Telecom Italia & Telefonica merger soon

www.WirelessFederation.com/news: In the next three months, decisions will be taken regarding the planned merger between Telecom Italia and Spain’s Telefonica. Telefonica has 46.18 percent stake on Telecom Italia which is a holding company that owns 22.5 percent of the Italian telecommunications operator.

The performance of Telecom Italia’s stock has made Telefonica and other telco shareholders unhappy. Telefonica’s presence in Telco has also limited Telecom Italia’s maneuverability, especially in Latin America where both the companies face antitrust issues.

Telecom Italia is under pressure in Argentina to sell its indirect stake in a telecommunications operator because of Telefonica’s investments in the same country.