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SAO PAULO, June 18 (Reuters) - Brazilian wireless carrier TIM Participações SA said on Thursday that its controlling shareholder Telecom Italia SpA had reiterated that it remains a strategic asset for the Italian group.
TIM shares rose more than 5 percent in Sao Paulo following a Bloomberg News report that Telecom Italia's biggest investor, Vivendi SA, wants to explore a sale of TIM to focus in Europe.
Telecom Italia said it had no information about the rumors, according to a securities filing by TIM. (Reporting by Brad Haynes; Editing by Meredith Mazzilli)