Tuesday, July 17, 2007

UPDATE 1-Telecom Italia denies media unit bid reports

(Reuters) - The reports are "completely groundless", a Telecom Italia
spokesman said.




Telecom Italia Media shares gained 6.73 percent on Monday,
boosted by a report that German media group Bertelsmann, Goldman
Sachs and an unidentified German bank were readying a bid
for it.


Read more at Reuters.com Mergers News

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