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Following today's meeting, Telecom Italia's (TI) board has signed off on talks with Hutchison...

Following today's meeting, Telecom Italia's (TI) board has signed off on talks with Hutchison Whampoa about merging the companies' Italian mobile ops, formed a committee to quickly review any deal, and ordered management to study the feasibility of spinning off TI's Italian wireline ops. Regulators will undoubtedly take a close look at the fact TI and Hutchinson have a combined 45% of the Italian mobile market, easily eclipsing the 32% and 23% respectively held by Vodafone and Wind.
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