Making up.Telecom Italia Telecom Italia is formerly a partially state-owned Italian telco. It was once known as SIP, and it has the largest user base in Italy. Telecom Italia also owns shares in Telecom Argentina and Telecom Personal, fixed and cellular networks in Argentina. , an Italian telecommunications company See telecom company. , bought a stake in Opportunity, a Brazilian financial group, from telecommunications company Brasil Telecom Brasil Telecom S.A. (BrT) is a major Brazilian telecommunications company headquartered in the Brazilian capital of Brasilia. The company is one of three land line telephone companies in Brazil that emerged from the break-up of Telebrás. for US$441.7 million. As part of the deal, Telecom Italia and Brasil Telecom will end a bitter legal dispute that included allegations of corporate spying. Telecom Italia will regain its rights--suspended since August 2002--within a group that controls Brasil Telecom, resuming its role in the management. The acquisition will be finalized within 24 months, according to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. Brasil Telecom. At press time, however, the venture capital arm of Citibank--which held a stake in Brasil Telecom through Opportunity--had won a court order blocking the sale. |
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