Tel Italia eyes Sprint Latam assets – report

MILAN, Oct 13 (BestGrowthStock) – Telecom Italia SpA (TLIT.MI: ) is in
talks with U.S. phone company Sprint Nextel Corp (S.N: ) to buy
its Latin American assets, Il Sole 24 Ore newspaper reported on
Wednesday.

The Italian telecoms group is focusing on assets in Chile,
Brazil and Argentina, the business daily said without citing
sources.

The buy would reinforce Telecom Italia, the euro zone’s
number five telecoms operator by market value, in Brazil and
Argentina and allow entry into Chile, a new market, Il Sole 24
Ore said.

A Telecom Italia spokeswoman had no immediate comment.
(Reporting by Ian Simpson; Editing by Hans Peters)

Tel Italia eyes Sprint Latam assets – report