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Telecom Italia Grants More Time For Multi-Billion Network Deal

  • Value of the combined landlines remains a sticking point
  • Government change to impact multi-billion euros deal
A Telecom Italia SpA store in Rome.

A Telecom Italia SpA store in Rome.

Photographer: Alessia Pierdomenico/Bloomberg

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Telecom Italia Spa will grant an extra month for Italy’s state lender to present a multibillion-euro offer for its phone carrier, the latest delay to a deal months in the making.