Tuesday, April 3, 2007

T.Italia share rise seen short-lived - analysts

(Reuters) - MILAN, April 3 - Telecom Italia's shares may run out of steam despite speculation that Italian banks might counter a 4.5 billion euro offer for control of Europe's fifth-ranked telecoms group, analysts said on Tuesday.

U.S. phone giant AT&T and American Movil , the mobile phone group of Mexican billionaire Carlos Slim, are in exclusive talks about a deal that could value Telecom Italia at almost 3 euros per share.


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