MILAN (Reuters) - Telefonica
That would give both the Spanish group and the Italian investors more time to study a reorganization plan for the debt-laden telecoms group.
"They are working on a solution that can allow Telefonica not to buy new shares in Telecom Italian and keep the status quo for a while," one of the sources said. "The idea is a postponement of six months, perhaps one year."
Telecom Italia's core shareholders, bound together in a holding company called Telco that owns 22.4 percent, have to say by September 28 if they want to exit their pact early and ditch their stakes.
To varying degrees Italian core investors Mediobanca
(Reporting by Stefano Rebaudo, writing by Danilo Masoni, editing by Silvia Aloisi)