ITALY TELECOM ITALIA

ITALY TELECOM ITALIA

A view of the Telecom headquarters in Rozzano, in the outskirts of Milan, Italy, Monday, April 2, 2007. Shares of tire-to-telecoms group Pirelli & C. surged in early trading on the Milan stock exchange Monday after the company announced it is in exclusive talks with US telecoms giant AT&T Inc. and its Mexican affiliate America Movil S.A.B. de C.V. to sell two-thirds of the holding company which controls Telecom Italia SpA. While maintaining dominance in the Italian market, Telecom Italia has struggled with declining revenue at its fixed-line business.Besides providing broadband, wireless and traditional phone service in Italy, Telecom Italia provides wireless service in Brazil and broadband service in the Netherlands, Germany and France. (AP Photo/Antonio Calanni)

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