Telefonica, Telecom Italia deal unlikely

Telefonica, Telecom Italia deal unlikely. (SUPPLIED)

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Telefonica will probably not bid for Telecom Italia SpA, Credit Suisse Group AG said. "We see a Telefonica bid for Telecom Italia as both unlikely and a relatively high-risk move for limited returns as far as Telefonica shareholders are concerned," said David George, a London-based analyst at Credit Suisse.

 

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