(Reuters) - AT&T wants to expand in Europe amid a decline in fixed-line services in the United States, while America Movil, owned by billionaire Carlos Slim, seeks to boost its supremacy in Latin America by taking over Telecom Italia's Brazilian operations.
The companies have offered about 4.5 billion euros , according to Reuters calculations, for a third each of holding company Olimpia, which is Telecom Italia's top shareholder with an 18 percent stake. San Antonio, Texas-based AT&T owns 8 percent of America Movil.
Read more at Reuters.com Mergers News
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