In this video as part of the Motley Fool's "Ask a Fool" series, Fool analyst Jamal Carnette takes a question from a Fool reader, who asks, "What's your Foolish opinion on Telefonica (NYSE:TEF)? Do you think Telefonica will merge with Telecom Italia (NYSE:TI) or just take its best parts and let Telecom decay? How will the Italian government react? How can a stock be downgraded by Moody's and at the same time rise by 7%?"