Telecom Italia in a bind after losing GVT bid battle | Reuters

Winning the auction for French media company Vivendi’s GVT was vital for both Telecom Italia and its rival, Spain’s Telefonica, as their European markets have been shrinking.

Italy was gripped by a mobile price war for much of last year, revenue is falling and competition remains tough.

via Telecom Italia in a bind after losing GVT bid battle | Reuters.

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