How an AT and T deal died in a turf war at Telecom Italia

Article Abstract:

Telecom Italia S.p.A.'s new chairman, Glen Mario Rossignolo, opted to pursue an alliance with Cable and Wireless PLC and forego the firm's initial plans to forge a partnership with AT and T Corp. Telecom Italia's past management team negotiated for eight months to create with AT and T a partnership, which is seen as a means for elevating Telecom Italia into the global market for telecommunications services. The failure of the planned alliance with AT and T was blamed on a power struggle between Telecom Italia's leading executives.

Comment:

Has its planned alliance with Telecom Italia scrapped by Telecom Italia in favor of forming an alliance w/ Cable and Wireless

United Kingdom, United States, Telecommunications, Cable Television Systems, Cable Networks, Strategic alliances, AT&T Corp., Cable television broadcasting industry, Cable television, Cable & Wireless PLC, Article

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Olivetti boosts hostile takeover bid for Telecom Italia 15% to $65 billion

Article Abstract:

Olivetti SpA has increased its hostile takeover offer for Telecom Italia SpA to 60.4 billion euros ($65 billion) from 52.6 billion euros. This represents an increase of 15%. Olivetti had previously denied that it was considering increasing its acquisition offer. However, the move followed Telecom Italia's decision to strengthen its defences by incorporating Telecom Italia Mobile.

Comment:

Olivetti increases hostile takeover offer for Telecom Italia by 15% to 60.4 billion euros

Asset sales & divestitures, Acquisitions & mergers, Computer and Office Equipment, Office & Computing Machines, Telephone communications, exc. radio, Planning, Office equipment, Office equipment and supplies industry, Office equipment industry, Telecommunications services industry, Abstract, Olivetti S.p.A.

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