Mercoledì, 19 Settembre 2018
MILAN

Telecom Italia won't confirm memorandum on H3G

English
© ANSA

Milan, April 9 - Telecom Italia on Tuesday declined
to confirm reports it had signed a memorandum of understanding
with Hong Kong-based conglomerate Hutchison Whampoa to take over
its Italian mobile-phone unit H3G.
Replying to bourse regulator Consob, Telecom reiterated
only that "preliminary, non-binding contacts are ongoing, aimed
at verifying the feasibility of an integration process".
TI stocks have been trading heavily on the reports, with
the share value surging to recent highs.

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