News Corp still has no plans to buy a stake in Telecom Italia SpA, which plans to split its fixed network business from its mobile wireless division to focus on broadband and media, said Peter Chernin, News Corp COO, at an investor conference. On Monday, Telecom Italia announced a deal to carry Fox’s films on its broadband service Alice Home TV, as the Italian press continued to speculate about an equity tie- up, despite News Corp.’s repeated denials.
Related: Telecom Italia May Sell Mobile Unit; Possible Tie-Up With News Corp On Digital Media
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