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Telecom Italia's Board Is Said to Discuss Bid for Nextel

Telecom Italia's Board Is Said to Discuss Bid for Nextel

Telecom Italia SpA’s board discussed a proposal by Chief Executive Officer Amos Genish to make an offer for Nextel Telecomunicacoes Ltda, a move that would help the carrier gain market share and spectrum in Brazil, according to people familiar with the matter. The talks followed a report by Bloomberg News last week that Telecom Italia was considering a bid for Brazil’s fifth-largest wireless carrier. Telecom Italia acknowledged that its board met to discuss various scenarios on Monday, without being specific.