Friday, April 6, 2007

UPDATE 1-Banks eye two ways to keep the Italia in Telecom

(Reuters) - MILAN, April 6 - Attempts to keep Telecom Italia , the country's biggest telecoms firm, in Italian control are exploring two paths, newspapers reported on Friday, after one of Italy's biggest banks said it was working on a domestic deal.

Pirelli , which ultimately owns Telecom Italia, is in exclusive talks with U.S. phone giant AT&T and Mexico's America Movil to sell them a majority stake in Olimpia -- which controls the telecoms company with an 18 percent stake.


Read more at Reuters.com Mergers News

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