Never Say Never...
According to weekend reports, Bernabe stated that a hostile bid for the Italian incumbent by current investor Telefónica SA (NYSE: TEF) is out of the question. (See Telefónica Gets Green Light for TI Stake.)
See this Forbes report for the details of what Bernabe had to say to Italian newspaper La Stampa, and why he felt compelled to say it.
— Ray Le Maistre, International News Editor, Light Reading