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Telecom Italia Falls To Pirelli/Benetton Bid

Author: Tyrepress Editors Comments: 0

Pirelli and Benetton have joined together to win control of Telecom Italia and the mobile phone company TIM. Control was secured by a cash payment of 7 billion Euro to Bell for its 23 per cent stake in Olivetti; the company which controls TI. TI’s market capitalisation value is 55 bn Euro.

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