Telecom Italia Suitors Eye Third Each in Olimpia: Sources

Italy's Intesa Sanpaolo is discussing a deal with AT&T and America Movil that would see each buy a third of Olimpia, which controls Telecom Italia, sources close to the situation said on Thursday.

Intesa Sanpaolo would buy its portion in Olimpia, which has an 18% stake in Telecom Italia, with other Italian partners, one of the sources told Reuters.

The sources, who requested anonymity, said discussions were trying to sort out governance issues over Telecom Italia.

"They are discussing governance in Olimpia, powers, how many board members for Telecom Italia," one of the sources said.

"The talks go well, then they don't go so well," this source said.

"We're not near an accord. Today we moved a bit further apart," the other source said.

Contact U.S. News


    Get the best of CNBC in your inbox

    › Learn More*

Don't Miss

U.S. Video

  • CNBC's Tyler Mathisen looks back at the week's top business and financial stories. The markets were closed for Thanksgiving, but did manage to hit new highs. Low oil prices gave consumers more money to spend for Black Friday.

  • Cyber Monday deals on Walmart's website on Dec. 2, 2013.

    CNBC's Tyler Mathisen looks ahead to what are likely to be next week's top stories. The jobs report comes out this week, as do auto sales. And the Rockefeller Center Christmas tree is lit.

  • Following last week's wild energy ride, analysts expect oil prices to continue to drop during the holiday season. CNBC's Patti Domm reports.