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AT&T, Inc. Message Board

  • menkarex menkarex Nov 27, 1997 10:12 AM Flag

    Merger news

    Today's news has a blurb that BEL has pulled out of a deal with Olivetti to develope a communications system in Italy. Olivetti sold out to Mannesmann, and Mannesmann is rumored by fellow poster Marguarita to be the financier for the buyout of SBC by BT. Message from BEL news as follows:
    "Corriere said the link-up between Olivetti and Mannesmann involving Infostrada and Omnitel had prompted Bell to rethink its presence in Italy.
    Mannesmann announced in September it would acquire in two stages a 49.9 percent stake in OMTS."
    Why would BEL pull out of a lucrative opportunity in Italy if it were not for the expected announcement on December 2? Mannesmann has to be involved with the BT acquisition of SBC, and BEL is throwing a hussy fit. Boy, it is fun to put this stuff together before the actual announcement!

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