Telecom Italia SPA (TI) Chief Executive Franco Bernabe Friday said the telecommunications company is still working on several asset sales and is confident it will be ready to announce a decision by the year-end. Spain's Telefonica SA (TEF) said earlier Friday it continues to negotiate with Telecom Italia on a price for the Italian company's German broadband unit Hansenet. Telecom Italia is selling Hansenet as part of a plan to dispose of non-core assets for up to EUR3 billion, and has said it has received expressions of interest from several European telecommunications companies.

--By Giada Zampano, Dow Jones Newwires, +39 348 7678016