Telecom Italia (NYSE: TI) COO Marco Patuano said on Friday that spinning out wireline network is an "interesting" idea, while confirming that it is conducting discussions with a state-backed financing body to collaborate on new broadband projects.

"There is a dialogue that continues," Patuano said in a Reuters article. "The possible separation of the access network into another company is an option that both (Telecom and Cassa Depositi e Prestiti) are looking at with interest."

News of a potential spinoff should be of no surprise as Franco Bernabe, Telecom Italia's CEO, who said in April it was considering spinning off its wireline network as a way to pay down debt and expand its investments in its own nationwide FTTH network.