Telecom Italia said it will not pay shareholders a dividend for 2013, even though the Italian incumbent was able to cut its group net loss by €1 billion during the year.
Telecom Italia CEO Marco Patuano continued to stress that its Brazilian unit is an important asset for the company and said there are no discussions over selling the business.
Vodafone has joined other carriers in the Ubuntu Carrier Advisory Group, a consortium of mobile operators participating in technology discussions around the Linux-based operating system.
Portugal Telecom said its planned merger with Brazil's Oi will be completed in the second quarter and it does not expect any major obstacles from minority shareholders or regulators, according to CEO Henrique Granadeiro.
Telecom Italia appointed Aldo Minucci as its new chairman at its management board meeting on Thursday, filling a position that has been vacant since the resignation of former CEO and chairman Franco Bernabe last October.
Egyptian billionaire Naguib Sawiris has turned his focus back on the Italian market, as reports say he has revived his interest in Telecom Italia while also stressing he wants Telefónica out and Tim Brasil to be retained within the Italian group.
Telecom Italia said it will implement "enhanced" controls on any dealings related to its Brazilian business as the company seeks to create a more independent approach to evaluating any potential sale of Tim Brasil.
The long-running Telecom Italia saga took on a further twist this week after rebel shareholder Marco Fossati reportedly redoubled his efforts to prevent a sale of Tim Brasil, which he regards as crucial for the future of the Italian incumbent.
Telefónica denied a report that it is planning to set up a joint vehicle to buy and then break up Tim Brasil together with local rivals América Móvil and Oi.
Telefónica is planning to buy and then break up Tim Brasil together with local rivals América Móvil and Oi, according to a report in a report in Italian daily Il Sole 24 Ore. However, Telecom Italia issued a statement that it is "not aware of any offer for Tim Brasil" and reiterated that it regards its Brazilian unit as a strategic asset.