Telecom Italy travels with a marked increase in Piazza Affari after the rumors that speak of a resumption of negotiations for a possible one merger between 3 Italia and Wind. The deal between the phone companies would end the mobile price war that is keeping revenues and margins under pressure.
According to an analyst, the operation would have a positive impact on the accounts of all operators. Some sources see Hutchison Whampoa in talks with Vimpelcom for the merger between the subsidiaries 3 Italia and Wind.
Telecom Italia's data for the quarter once again highlighted a double-digit decline in the mobile division, disappointing the expectations of some analysts, who were hoping for a recovery linked to the end of the price war.
The director Marco Patuano, in the conference call with analysts in mid-May, promised an improvement in mobile starting from the third quarter, which should intensify towards the end of the year.
The market has been waiting for years for a merger between 3 Italia and Wind, destined to reduce competition and improve the mobile accounts of Italian operators.
At 10,30, Telecom Italia shares gain 2,52% in Piazza Affari 0,936 euros, in sharp contrast with the Ftse Mib, which in the same minutes was in the red by 0,6%. Volumes of around 40 million compared to a daily average of 117 million.
