Telecom Italia says no offer for TI Media
Reuters - 28/06/2006 15:38:53
MILAN, June 28 (Reuters) - Telecom Italia (TIT.MI) said on Wednesday it had not received an offer for its unit Telecom Italia Media (TME.MI) (TMI.PAR) from publisher De Agostini nor from any other party, quelling market speculation on a takeover bid.
De Agostini sold 55 percent of insurer Toro Assicurazioni (TORO.MI) to insurer Generali (G.MI) in a cash deal announced on Monday, and there has been talk it could use the funds to buy Telecom Italia Media.