Telecom Italia chief says TIM and GVT could combine well (translate)
Telecom Italia CEO Marco Patuano has neither confirmed nor denied his company's interest in talking with Vivendi on a possible merger between TIM Participacoes and GVT, the Brazilian units of the Italian and French groups, respectively, Valor Economico reported. He said the two would be a "great combination" but added that the companies are not currently negotiating on the matter.
The executive told the business daily that the two companies “clearly” have complementary operations, since TIM has the majority of its operations in the mobile segment, while GVT operates with fixed telephony, pay-TV and Internet.
Source Valor Economico