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Stock Market & Financial Investment News

News Breaks
February 18, 2014
08:47 EDTTSU, TITelecom Italia CEO says Tim Participacoes not for sale, Bloomberg reports
Telecom Italia (TI) CEO Marco Patuano says Brasil is a core market and that TIM Brasil (TSU) is not for sale, according to Bloomberg, citing Patuano's comments to reporters in Brasil.
News For TSU;TI From The Last 14 Days
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October 24, 2014
06:39 EDTTI, TSUTelecom Italia nears agreement to divest TIM mobile towers, Reuters says
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October 14, 2014
09:51 EDTTI, TSUTelecom Italia CEO says Tim Participacoes not in rush for deal, Reuters reports
Telecom Italia (TI) CEO Marco Emilio Patuano told Valor Economico that TIM Participaçoes (TSU) can remain competitive in Brazil for five years without losing market share and that it is not in a rush for potential mergers and acquisitions, reported Reuters. TIM Brasil reportedly hired an advisor to look at a potential bid for Oi (OIBR), a source told Reuters previously, and Oi itself has hired a bank as well to advise it on a possible bid for Telecom Italia's 67% stake in TIM Brasil, the report noted, but Patuano told Valor: "I find it curious to see public comments [on a potential Oi bid for TIM] well before there is any concrete possibility of such a thing happening. Telecom Italia is not seeking an offer." Reference Link

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