A PYMNTS Company

Italy/Brazil: Divesting Brazil operations not in cards for Telecom Italia

By  |  July 19, 2013

Italy’s mobile telecommunications giant Telecom Italia shot down rumors the company as looking to sell its branches in Brazil, stating it is not looking to quell competition concerns regarding Spain’s Telefonica buyout in the Italian company through the sale of its highly profitable business in Brazil. Reuters announced the news, citing unnamed sources, and elaborated that to follow through with the buyout Telecom Italia’s holding company Telco will likely be dissolved; the company owns about 22.4 percent of Telecom Italia’s shares at present, say reports.

    Get the Full Story

    Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required.

    yesSubscribe to our daily newsletter, PYMNTS Today.

    By completing this form, you agree to receive marketing communications from PYMNTS and to the sharing of your information with our sponsor, if applicable, in accordance with our Privacy Policy and Terms and Conditions.

    Full Content: Telegeography

    We’d love to be your preferred source for news.

    Please add us to your preferred sources list so our news, data and interviews show up in your feed. Thanks!

    Add as Preferred Source

    Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.