Telecom Italia shares close up 3% on possible data centre spin-off

Shares in Telecom Italia closed up 3% on Wednesday, the top gainer on Milan's blue-chip index, after a source said the telecoms group was considering a possible spin-off and bourse listing of its data centre business.

MILAN, Oct 9 (Reuters) - Shares in Telecom Italia TLIT.MI closed up 3% on Wednesday, the top gainer on Milan's blue-chip index .FTMIB, after a source said the telecoms group was considering a possible spin-off and bourse listing of its data centre business.

An Italian broker estimated proceeds of 400-500 million euros from the partial sale of the division.

(Reporting by Giancarlo Navach, editing by Francesca Landini)

((valentina.za@thomsonreuters.com; +39 02 6612 9526;))

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