Telefonica won't strike a deal with Telecom Italia; Lumos conducts public offering of 2.5M shares

Wireline news across the web:

@FierceTelecom RT @Teresa Mastrangelo: Sandvine report: Netflix and YouTube account for 50 percent of all North American fixed network data. Post | Follow @FierceTelecom

> Telefonica has no intention to merge or acquire Telecom Italia, reports Reuters. Article

> The optical networking market will exceed the $17.5 billion mark by the end of 2018, says a new Ovum study. Article

> Lumos Networks Corp. announced the public offering of 2,512,121 shares of Lumos Networks common stock. Release

Cable News

> Dish Network and Verizon's FiOS TV are reducing the number of smartphone and tablet applications their subscribers need to control set-tops and watch video on mobile devices. Article

> Multiscreen video technology firm Clearleap said Wednesday that it raised $20 million in its third round of funding, which was led by Susquehanna Growth Equity and included existing investors Trinity Ventures and Noro-Moseley. Article

Online Video News

> Netflix began rolling out a new user interface for viewers who use its service on TV sets Wednesday morning. Article

Wireless News

> Sprint stunned the market and said it will not participate in the Jan. 22 auction of the 1900 MHz PCS H Block. Article

> Google's Motorola Mobile division announced the Moto G, a low-cost version of its Moto X smartphone aimed at emerging markets. Article

And finally … Thoughts on an AT&T Vodafone Bid: A powerful vision with many hurdles. Report (sub. req.)