(Reuters) - Olimpia's majority shareholder Pirelli & Co . was approached earlier in the week by U.S. phone giant AT&T and Mexico's America Movil to buy a combined 66 percent stake for about 4.5 billion euros , according to Reuters calculations.
Olimpia owns 18 percent of Telecom Italia, the former state-run telecoms operator that some government officials would prefer to keep in local hands.
Read more at Reuters.com Mergers News
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