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. Last Updated: 07/27/2016

Portugal-Italy Telecoms

LISBON, Portugal -- Portuguese utility group EDP-Electricidade de Portugal said Monday it was in talks with Telecom Italia about a strategic alliance in the telecommunications sector.

"EDP informs that (it has) begun exclusive talks with Telecom Italia. EDP hopes that this phase will be concluded within a few weeks," the company said without giving details.

EDP plans to enter the fixed-line telephone business in Portugal when the market is liberalized from the beginning of 2000. Portugal Telecom is the only fixed-line operator in the market.