Telecom Italia board unlikely to meet on Brazil before Christmas

Tue Dec 2, 2014 8:27am EST
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ROME (Reuters) - The board of Telecom Italia (TLIT.MI: Quote) will unlikely meet before Christmas to discuss options in Brazil, its chairman said on Tuesday, as the Italian phone group is examining a possible tie-up with Brazilian telecoms operator Oi (OIBR3.SA: Quote).

"I don't think so, I would say no," Giuseppe Recchi said at a conference in Rome when asked about the possibility of the company's directors meeting before Christmas for an update on Brazil.

(Reporting by Alberto Sisto, writing by Danilo Masoni; editing by Agnieszka Flak)

Cables of optical fibre of Telecom Italia are seen in a telephone exchange in Rome, December 20, 2013.  REUTERS/Alessandro Bianchi