Spain's Telefonica In Talks To Exit Telecom Italia: Report - Presented by: The Aol. On Network

Spain's Telefonica SA is in talks to sell its stake in Telecom Italia in a move that could ease regulatory pressure in Brazil's wireless market. Telefonica is negotiating a deal with investment funds to sell its stake in Telecom Italia, without saying how it obtained the information. Telefonica is left with a nearly 15 percent direct stake in the Italian company after fellow investors voted to dismantle their controlling bloc.



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