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German, Italian Telecoms Near Merger

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LONDON, UK, April 20 -- Deutsche Telekom AG and Telecom Italia SpA have proposed a merger that would create a telecommunications giant worth more than $200 billion. If the proposed merger survives problems with Deutsche Telekom's state ownership and calls by Italians for equal rights in management, the result would be the largest merger in history. The merger, which began as Telecom Italia's defense against a hostile takeover attempt by Olivetti, has been in negotiation for some time and is near agreement, according to company sources. The two firms' chief executives, Franco Bernabe and Ron...Read full article

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    Published: April 1999
    CommunicationsdefenseNews & Features

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