Published on Telecoms Europe (http://www.telecomseurope.net)

Telefonica not in market for TI

By FM Monteverde
Created 08/02/2010 - 9:09am

Telefonica not in market for TI

Michael Carroll  |   February 08, 2010
telecomseurope.net
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Telefonica’s chairman says the firm has no plans to change its relationship with Telecom Italia, scotching rumors of a potential merger.
 
Cesar Allierta says the telcos enjoy an industrial alliance that allows them to exploit synergies and economies of scale.
 
Telefonica is the largest investor in the Telco consortium, which holds a controlling 24.5% stake [1] in Telecom Italia.
 
A Telefonica source reportedly revealed Allierta’s views [2] on Sunday, after the chairman spoke to Spanish newspaper El Pais on Friday. He was quizzed after Italian press speculated that a merger of the two firms had already been approved by the Government.
 

Source: 
telecomseurope.net [3]
Michael Carroll
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;Partnership [7]   Synergies [8]   Telecom Italia [9]   Telefonica [10]

 
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Source URL: http://www.telecomseurope.net/content/telefonica-not-market-ti

Links:
[1] http://www.telecomitalia.com/tiportal/en/corporate/investitori/azionisti/struttura_azionaria.html
[2] http://www.iii.co.uk/news/?type=afxnews&articleid=7740542&action=article
[3] http://www.telecomseurope.net/telecomseurope.net
[4] http://www.digg.com/submit?url=&title=Telefonica not in market for TI&bodytext=Italian telco viewed as ally
[5] http://www.telecomseurope.net/content/telefonica-not-market-ti#comment
[6] http://www.telecomseurope.net/print/9107
[7] http://www.telecomseurope.net/tag/partnership
[8] http://www.telecomseurope.net/tag/synergies
[9] http://www.telecomseurope.net/tag/telecom italia
[10] http://www.telecomseurope.net/tag/telefonica