UPDATE 1-Telecom Italia denies eyeing Sprint Latam assets

* Report says T.Italia in talks about Sprint’s Latam assets

* Telecom Italia says not interested at this time

(Adds Telecom Italia denial)

MILAN, Oct 13 (BestGrowthStock) – Telecom Italia SpA (TLIT.MI: ) on
Wednesday denied an Italian newspaper report that said it is
interested in buying U.S. company Sprint Nextel Corp’s (S.N: )
Latin American assets.

Business daily Il Sole 24 Ore had earlier said company was
discussing buying Sprint’s assets in Chile, Brazil and Argentina
in a bid to enter the Chilean market and reinforce its presence
in the other two markets.

Telecom Italia, which has relied on its Brazilian operations
to boost growth in recent years, said in a statement that it was
not interested in those assets “at present”.

Shares in the company were up 1.25 percent at 1.05 euros in
morning trade.
(Reporting by Ian Simpson; Editing by Greg Mahlich)

UPDATE 1-Telecom Italia denies eyeing Sprint Latam assets