ItalyÂs government has denied being involved in a merger of the countryÂs incumbent telco Telecom Italia with Spanish counterpart TelefÃ³nica.
In a statement, the government said it had held no meetings on the issue, adding that that it has not detailed any conditions for a possible merger either. It denied a report in La Repubblica that it is prepared to give the green light to an all-share offer from TelefÃ³nica for Telecom Italia, providing the Italian group’s domestic fixed-line network remains under local management. The newspaper claimed the Italian government changed its view on a potential merger after broadcast group Mediaset, which is owned by Prime Minister Silvio BerlusconiÂs family, bought into TelefÃ³nica in December. Telefonica is expected to make an offer soon, the paper said.