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Bulletin: AT&T Inc. Ratings Unaffected By Negotiations To Buy Indirect Stake In Telecom Italia

Published Apr 02, 2007

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Abstract:

NEW YORK (Standard&Poor's) April 2, 2007--Standard&Poor's Ratings Services said today that the ratings and outlook on San Antonio, Texas-based regional bell operating company AT&T Inc. (A/Negative/A-1) are not affected by the company's announcement that it is in negotiations for a potential indirect investment in Telecom Italia SpA. AT&T Inc. is negotiating to buy a one-third share in Olimpia SpA, which owns 18% of Telecom Italia's ordinary shares. This transaction is predicated on an equally-sized investment to be made by America Movil S.A.B. de C.V. in Olimpia. While terms of the transaction have not been fully disclosed, Standard&Poor's estimates that AT&T's purchase price for this stake would be approximately $1.6 billion. This is based on

Report Type:

Bulletin

Ticker

Issuer

AT&T Inc.

GICS

Integrated Telecommunication Services (50101020)

Sector

Global Issuers , Structured Finance

Country

United States

Region

United States

Format:

PDF

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S&P Global Ratings’ Credit Research—S&P Global Ratings’ credit research provides analysis on issuers and debt obligations of corporations, states and municipalities, financial institutions, insurance companies and sovereign governments. S&P Global Ratings also offers insight into the credit risk of structured finance deals, providing an independent view of credit risk associated with a growing array of debt-securitized instruments.

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MLA:	S&P Global Ratings’ Credit Research. "Bulletin: AT&T Inc. Ratings Unaffected By Negotiations To Buy Indirect Stake In Telecom Italia" Apr 02, 2007. Alacra Store. May 06, 2025. <http://www.alacrastore.com/s-and-p-credit-research/Bulletin-AT-T-Inc-Ratings-Unaffected-By-Negotiations-To-Buy-Indirect-Stake-In-Telecom-Italia-570658>

APA:	S&P Global Ratings’ Credit Research. (). Bulletin: AT&T Inc. Ratings Unaffected By Negotiations To Buy Indirect Stake In Telecom Italia Apr 02, 2007. New York, NY: Alacra Store. Retrieved May 06, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/Bulletin-AT-T-Inc-Ratings-Unaffected-By-Negotiations-To-Buy-Indirect-Stake-In-Telecom-Italia-570658>

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