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29 March 2024

Telefonica, Telecom Italia deal unlikely

Telefonica, Telecom Italia deal unlikely. (SUPPLIED)

Published
By Staff Writer

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.