Printed from http://www.electronista.com

Telefonica rumored buying Telecom Italia

updated 12:05 pm EST, Fri January 22, 2010

Telefonica could get presence in Italy via bid

Italian newspaper la Repubblica stirred talk of a shift in the phone world on Friday with a claim that Telefonica would soon place a bid for Telecom Italia (TIM). Drawing on an online source from earlier, the daily claims Telefonica would use a holding company's share swap to take control. It would pay a 25 to 30 percent premium to provide an incentive for the deal.

Neither of the involved companies has commented on the supposed negotiations.

A deal of the sort could likely shake up the Italian phone market and Europe as a whole. Based in Spain, Telefonica operates through most of Europe under the O2 badge but hasn't had a footing in Italy. Foreign carriers like Vodafone operate in Italy, but TIM has remained independent; an acquisition by Telefonica would put two of the larger providers into outside control.

TIM is currently one of three iPhone carriers in the area, but deals for Apple's handset and other devices would potentially come sooner after a Telefonica buyout as the latter could negotiate continent-wide deals.



By Electronista Staff
toggle

Comments

Login Here

Not a member of the MacNN forums? Register now for free.

toggle

Network Headlines

toggle

Most Popular

Sponsor

Recent Reviews

Cat B100

Cat is primarily known for its heavy-duty machinery used in the construction industry and farming, among other areas. What may not be ...

Linksys EA6900 AC Router

As 802.11ac networking begins to makes its way into more and more devices, you may find yourself considering an upgrade for your home ...

D-Link DIR-510L 802.11AC travel router

Having Internet access in hotels and other similar locations used to be a miasma of connectivity issues. If Wi-Fi was available, it wa ...

Sponsor

toggle

Most Commented

 
toggle

Popular News