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Telecom Italia (NYSE:TI) shares +3.6% to €0.595 in Milan following a report that Hong...

Apr. 09, 2013 5:24 AM ETTelecom Italia S.p.A. (TIIAY) StockTEF, HUWHY, HUWHF, TIIAYBy: Yigal Grayeff, SA News Editor1 Comment
Telecom Italia (NYSE:TI) shares +3.6% to €0.595 in Milan following a report that Hong Kong's Hutchison Whampoa (OTC:HUWHF) could acquire a 29.9% holding in TI for €1.2 a share. In return, TI would be able to buy Hutchison mobile unit 3 Italia. The deal would make Hutchison the largest shareholder in TI, as its stake would exceed the 22.4% held by the Telco consortium, which includes Telefonica (NYSE:TEF).

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