The Telecom Italia Group denies press reports published today concerning the possible sale of its stake in IMMSI S.p.A. At present there are no negotiations underway for the sale of all or part of the holdings owned by Telecom Italia S.p.A, in IMMSI. However the 2002-2004 industrial plan guidelines presented to the financial community last year and implemented during 2002 which foresee disposals for approximately five billion euros remain in place.