omniture

AT&T Ends Preliminary Talks on Possible Olimpia Stake

2007-04-17 08:42 3082


SAN ANTONIO, April 17 /Xinhua-PRNewswire/ -- AT&T Inc. (NYSE: T) today said it has ended negotiations to potentially acquire a one-third stake in Olimpia S.p.A., a holding company with approximately 18 percent of Telecom Italia's ordinary shares.

The company said it appreciated the opportunity to explore a possible investment in Olimpia and a strategic partnership with Telecom Italia, but has decided not to pursue the matter further.

Source: AT&T Inc.
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