Speaking during a summit in Santiago, Telecom Italia Chairman Franco Bernabe told Reuters
that Telecom Italia is not seeking to expand in Latin America, although the company plans to boost its infrastructure in view of growing regional data traffic.

According to Bernabe, Telecom Italia is looking at investments that strengthen its existing operations and where the operator has potential for growth. He added that Telecom Italia is not taking part in the bidding for Vivendi’s Brazilian unit GVT, as the price is too high.