Telecom Italia Confident Decision On Asset Sales By Year-End
October 09 2009 - 9:06AM
Dow Jones News
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