(Reuters) - The moves come amid speculation over the future of the former state monopoly, which locked horns with the center-left government of Prime Minister Romano Prodi last year over its restructuring plans.
The offers value Telecom Italia shares held by Olimpia at 2.82 euros each, minus Olimpia's debt, AT&T said in a statement. The companies did not give a total value for their proposed investments. AT&T said Telecom Italia's market capitalization is about euro 40 billion .
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