(Reuters) - AT&T said the company and American Movil, owned by billionaire Carlos Slim, plan to buy stakes in a holding company that owns around 18 percent of Telecom Italia, Europe's No. 5 telecoms group. The companies hope to buy a third each in the holding company, known as Olimpia, Telecom Italia's top shareholder.
The moves come amid speculation over the future of the former state monopoly, which locked horns with the centre-left government of Prime Minister Romano Prodi last year over its restructuring plans.
Read more at Reuters.com Mergers News
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