Telecom Italia Deal “Could Lead To Pirelli Merger”

There are reports in the press that the recent deal whereby Pirelli acquired control of Telecom Italia, could result in some sort of merger, perhaps even a three-way alliance between Pirelli, Olivetti and TI. Pirelli Chairman Marco Tronchetti Provera says that “the structure above Telecom Italia needs to be simplified” but he could say no more until all options had been studied and evaluated..