Telecom Italia (TI) will ‘remain an Italian company’ and investments in technology and employment levels will be guaranteed, the chairman of Spanish giant Telefonica has asserted. Following a meeting with Italian Prime Minister Enrico Letta yesterday, Cesar Alerta told Reuters that the Spanish group would ensure continued investments in fibre-optic and 4G Long Term Evolution (LTE) technology. Last month Telefonica agreed a deal to raise its stake in Telco Holding, an investment vehicle jointly controlled by itself and a number of Italian financial groups; Telco controls TI with a 22.39% stake.
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