BMI View: Mounting debts and exposure to the crumbling European finance markets have forced the incumbent to shed less profitable non-core operations, including key parts of its media empire, overseas operations such as its stake in the Cuban state telephone and its global wholesale service provider. The company is also considering the divestiture of its legacy fixed-line business, either in whole, in part or through a public share offering. The rumoured merger between Telecom Italia and 3 Italia collapsed during Q213 for regulatory, financial and political reasons. With bids for smaller fixed-line provider Tiscali expected too, we expect competition will …
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