AT&T Ends Preliminary Talks on Possible Olimpia Stake

    SAN ANTONIO, April 16 /CNW/ -- AT&T Inc. (NYSE:   T) today said it has
ended negotiations to potentially acquire a one-third stake in Olimpia S.p.A.,
a holding company with approximately 18 percent of Telecom Italia's ordinary
    The company said it appreciated the opportunity to explore a possible
investment in Olimpia and a strategic partnership with Telecom Italia, but has
decided not to pursue the matter further.

For further information:

For further information: Rolf Gatlin, +1-210-352-6971, for AT&T Inc.

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