Telecom Italia Plunges After Iliad Confirms End to Deal Talks

Telecom Italia's stock price plummeted after Iliad, a French telecom company, announced it will not pursue a merger deal with the Italian firm. The news came as a surprise to investors, who had previously speculated about a potential partnership between the two companies. The drop in Telecom Italia's share price was the steepest in almost 18 months, reflecting the market's disappointment with the failed deal talks. Analysts had seen a potential Iliad-Telecom Italia merger as a way for the Italian company to strengthen its position in the highly competitive European telecom market. However, Iliad's decision to withdraw from the negotiations dashed those hopes, leaving Telecom Italia to navigate the challenges it faces in its domestic market on its own. The article does not provide details on the reasons behind Iliad's decision to abandon the deal talks, leaving the precise factors behind the failed negotiations unclear.