Brazilian affiliate of Telecom Italia to buy network

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Cia. Riograndense De Telecommunicacoes (CRT) will be acquired by Tele Centro Sul, a subsidiary of Telecom Italia SpA. Tele Centro will acquire 85.2% of CRT.

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Regulators kill Telecom Italia's television deal

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Regulators in Italy have declared Telecom Italia SpA's proposed acquisition of TeleMonteCarlo unlawful. Telecom Italia has proposed to acquire TeleMonteCarlo for 750 billion lire (387 million euros).

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Olivetti seeks to build on turnaround with $58 billion offer for Telecom Italia

Article Abstract:

Olivetti SpA has made a $58 billion offer to acquire Telecom Italia. However, Telecom has said that it would oppose the takeover. This could set the stage for one of the biggest acquisition battles in Europe. The chairman of Olivetti, Antonio Tesone, said that Telecom lacks strong stockholders who are willing to properly manage Italy's former telecommunications monopoly. Olivetti was near collapse just two years ago.

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Olivetti SpA makes $58 billion offer to acquire Telecom Italia

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