Report: Telecom Italia to sell Brazil towers to American Tower

• Telecom Italia (NYSE:TI) will likely sell the mobile phone towers of its Brazilian unit TIM Participacoes (NYSE:TSU) to American Tower (NYSE:AMT) for almost €900M ($1.1B), says Reuters quoting two sources.
• Yesterday, Telecom Italia was reported to be weighing a deal between TIM and Brazil's Oi (OIBR), saying it would ask its board for support today to "explore a potential transaction".
• Previously: Oi, PT rally; Telecom Italia reportedly weighing deal