TI rejects offers for Brazilian mobile unit

The board of Telecom Italia (TI) said Friday that its board has rejected offers for its mobile unit in Brazil.

In a statement, TI said the unit would not be sold because it remains strategic for the group.

At the same time, TI advised that it has approved the organisational and managerial reshuffle first mooted in January 2007.

It said Telecom Italia will now have four business divisions — Domestic Fixed Services, Domestic Mobile Services, Top Clients and ICT (information, communications and technology) Services and Technology.