Travel in positive territory at Piazza Affari Telecom Italia (+0,84% just before noon a € 0,8955 per share) on the eve of the BoD dedicated to strategies in South America. The news that Tim Brasil has taken credit for the 4G auction, unlike the Brazilian operator Oi, has revived speculation about upcoming M&A operations.
"The decision may signal Oi's confidence in a consolidation of the mobile sector", explain the analysts of Kepler Cheuvreux (buy and target price at 1 euro on Telecom Italia). In the meantime, the company led by Marco Patuano is evaluating the listing of the Italian transmission towers on the stock exchange, to be built in 2015, instead of the already planned sale.
