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| Version 0 | Version 1 |
|---|---|
| Telecom Italia considers shake-up | Telecom Italia considers shake-up |
| (about 1 hour later) | |
| Shares in Telecom Italia have been suspended ahead of a board meeting to discuss the future of the firm. | Shares in Telecom Italia have been suspended ahead of a board meeting to discuss the future of the firm. |
| The company said the meeting would focus on the "reorganisation of the group's fixed and mobile assets". | The company said the meeting would focus on the "reorganisation of the group's fixed and mobile assets". |
| Analysts believe Telecom Italia may put its mobile business TIM up for sale, in a bid to focus on broadband services. | Analysts believe Telecom Italia may put its mobile business TIM up for sale, in a bid to focus on broadband services. |
| The mobile operator, which Telecom Italia bought in 2005 after previously selling it off in the 1990s, could be worth up to 35bn euros (£23.7bn). | The mobile operator, which Telecom Italia bought in 2005 after previously selling it off in the 1990s, could be worth up to 35bn euros (£23.7bn). |
| 'Reputational risk' | 'Reputational risk' |
| Selling TIM (Telecom Italia Mobile) would mark a major turnaround for Telecom Italia, which has recently been integrating its mobile and fixed-line phone operations. | |
| Europe's fifth-largest telecoms firm faced "reputational risk in jettisoning "convergence" a little over a year after the completion of the TIM buy-in," said analysts at Morgan Stanley. | Europe's fifth-largest telecoms firm faced "reputational risk in jettisoning "convergence" a little over a year after the completion of the TIM buy-in," said analysts at Morgan Stanley. |
| Separate reports have suggested that rival European telecoms firms including France Telecom, Deutsche Telekom, and Spain's Telifonica - as well as US private equity firm The Carlyle Group - could be interested in buying TIM. | Separate reports have suggested that rival European telecoms firms including France Telecom, Deutsche Telekom, and Spain's Telifonica - as well as US private equity firm The Carlyle Group - could be interested in buying TIM. |
| Meanwhile, Telecom Italia is in discussions with Rupert Murdoch's News Corporation to distribute TV, films and European football on selected Telecom Italia European broadband networks. | Meanwhile, Telecom Italia is in discussions with Rupert Murdoch's News Corporation to distribute TV, films and European football on selected Telecom Italia European broadband networks. |
| Telecom Italia said its executives had no plans to discuss the sale of any businesses at the board meeting, which is due to begin at 1500 local time (1300 GMT). | Telecom Italia said its executives had no plans to discuss the sale of any businesses at the board meeting, which is due to begin at 1500 local time (1300 GMT). |