Italian gov't against foreign ownership of Telecom Italia

Telecom Italia has been hounded for months by rumors that it might consider being acquired by Spain's Telefonica, which owns a 10 percent stake in Telecom Italia through a subsidiary. Despite Telecom Italia's consistent denials that such a plan exists, the Italian government has been moved enough by the rumors to say during a press conference on broadband policy that it wants Telecom Italia to remain in Italian hands.

For more:
- The Wall Street Journal has this story

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One investor urged Telefonica to buy Telecom Italia last year

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