TELECOM ITALIA Sole24Ore reports that French businessman Xavier Niel may demand a say on the strategy and board of Co. after having spent eu225m on options giving him a potential stake of just over 15%. Reuters reports that UBS has lowered its stake in Co. to 1.59% and Norges Bank has also lowered its stake in Co. 1.75%. Reported also comments from TIM Brazil Rodrigo Abreu who said the they will review opportunities for consolidation when they arise but denied there was a deal in the works to merge with Brazil's biggest fixed-line operator Oi.