Outrage! A Nation’s Phones May End in Foreign Hands

OUTRAGE! A NATION'S PHONES MAY END IN FOREIGN HANDS
[SOURCE: New York Times, AUTHOR: Eric Sylvers]
AT&T and América Móvil, the Latin American cellphone company, each offered to buy a third of Olimpia, which owns 18 percent of Telecom Italia’s common shares, for a combined investment of about 4.5 billion euros ($6 billion). AT&T and América Móvil, which now have the largest cellphone businesses in the United States and Latin America, respectively, may have dropped into this Italian soap opera unprepared for the reaction from some politicians and business leaders, who are demanding that Telecom Italia remain in domestic hands.
http://www.nytimes.com/2007/04/09/business/worldbusiness/09italia.html
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