Deutsche Telekom to Bid for Telecom Italia
Deutsche Telekom, Europe’s largest phone company, is considering paying as much as $107 billion for Telecom Italia, more than Olivetti’s hostile offer for Italy’s largest phone company, people familiar with Telecom Italia told Bloomberg News. The offer by Germany’s state-controlled company may include Telecom Italia’s non-voting savings shares and all of its cellular unit. A deal may be announced this week.
*
Business on Radio: Times reporters provide perspective on markets, entertainment and other news weekdays on KFWB-AM 980’s Noon Business Hour.
Start your day right
Sign up for Essential California for news, features and recommendations from the L.A. Times and beyond in your inbox six days a week.
You may occasionally receive promotional content from the Los Angeles Times.
