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Article Abstract:
Olivetti has made a bid for Telecom Italia, which has called a stockholders' meeting that has failed to attract enough stockholders for a quorum. Telecom Italia sought permission to acquire a stake of 40% in Telecom Italia Mobile. There is concern about Olivetti's bid which would leave Telecom Italia with high debt levels. There are also doubts as to what Olivetti could contribute in terms of management. A counter-bid could emerge, though the Italian government is not keen on Telecom Italia being acquired by a foreign concern.
Publication Name: The Economist (UK)
Subject: Business, international
ISSN: 0013-0613
Year: 1999
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A bad telecoms merger
Article Abstract:
The planned merger between Telecom Italia and Deutsche Telekom would create the biggest telecoms company in Europe. Both participants have problems, and defensive mergers tend not to succeed. Telecom Italia lacks a convincing strategy, while Deutsche Telekom has to cut costs and needs to improve its international strategy. Telecoms companies do not necessarily benefit from scale. The proposed merger would probably destroy stockholder value, and the German government should prevent it.
Publication Name: The Economist (UK)
Subject: Business, international
ISSN: 0013-0613
Year: 1999
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Flattering to deceive
Article Abstract:
Lessons from the acquisition of Telecom Italia illustrate problems with corporate governance and takeover rules in Italy. Stockmarket reforms are needed for greater transparency.
Publication Name: The Economist (UK)
Subject: Business, international
ISSN: 0013-0613
Year: 2001
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