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April 4, 1988

STET IN NEGOCIATION WITH AT&T AS PARTNER FOR ITALTEL

By CBR Staff Writer

The April deadline for Stet SpA to choose a foreign partner for its Italtel SpA telecommunications equipment manufacturer has now spun out to July, but the company is in an advanced but not conclusive stage of negotiations with AT&T Co, which has to be the likeliest partner – other contenders are L M Ericsson AB, Siemens AG and Alcatel NV: IRI, the state holding company that in turn is the parent of Stet, says that while Stet might well take a minority stake in Olivetti SpA – where AT&T has 23% – that is a separate issue and should not be confused with the AT&T-Stet talks.

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