The Corner Team | The deal for Spain’s Telefonica to raise its stake in Telco and control Telecom Italia will be ready before Friday, according to Economía Digital. An operation that prevents Carlos Slim, through America Movil, or American competitor AT&T from taking positions in the Italian market. Telefónica’s peace of mind is worth 324 million euros ($437 million).
Telefonica and telecom Italia
The Corner Team | Spanish Telefónica is in talks to become the main shareholder of Telco, Telecom Italia’s holding company, which is struggling with a millionaire debt and a fiercely competitive market, Dow Jones reports. The proposal under discussion would have Telefónica increasing its stake to 70% before next week.