January 10, 2017 / 7:39 AM / a year ago

Telecom Italia has no intention to merge Tim Brasil with Oi

MILAN, Jan 10 (Reuters) - Telecom Italia has no intention of merging its TIM Participações SA unit with Brazilian wireless carrier Oi SA, a spokesman for Telecom Italia said on Tuesday.

“Reports on the matter are groundless,” the spokesman said.

On Monday Egyptian billionaire Naguib Sawiris told newspaper Folha de S.Paulo Oi could be merged with TIM Participações if his bid for the troubled carrier was successful. (Reporting by Stephen Jewkes, editing by Giulia Segreti)

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