Telecom Italia SpA does not rule out combining its Brazilian unit with a local rival but that possibility is not on its agenda for now, Chief Executive Officer Marco Patuano said on Wednesday. Patuano said speculation over a potential tie-up between TIM Participa��es SA, Telecom Italia's mobile carrier in Brazil, and GVT SA is "running high these days." Yet he said that Telecom Italia, as well as its shareholders, are basically focused on executing TIM's business plan.
Shares of TI fell by 0.26% or $-0.03/share to $11.73. In the past year, the shares have traded as low as $6.24 and as high as $13.54. On average, 118857 shares of TI exchange hands on a given day and today's volume is recorded at 5848.
Shares of TI-A remained unchanged at $9.40. In the past year, the shares have traded as low as $4.91 and as high as $10.62. On average, 78671 shares of TI-A exchange hands on a given day and today's volume is recorded at 2341.
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