Italy government not planning move on Telecom Italia, Alitalia: source

Reuters
A Telecom Italia antenna booster is seen in northern Rome
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A Telecom Italia antenna booster is seen in northern Rome November 12, 2012. REUTERS/Alessandro Bianchi

ROME (Reuters) - The Italian government has no plans to intervene over Telecom Italia (TIT.MI) or national carrier Alitalia (CAITLA.UL), which both face potential loss of control to foreign shareholders, a senior government source said on Tuesday.

"The government is staying out of Alitalia and Telecom Italia," the source told Reuters.

The two groups both face possible takeover, adding to the list of large Italian groups which have been acquired by foreign shareholders.

Spanish telecoms group Telefonica (TEF.MC) is raising its stake in Telecom Italia in a complex deal that will strengthen its control over a rival in key markets, while Air France-KLM is considering whether to increase its stake in Alitalia.

(Writing By James Mackenzie)

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