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AT&T won’t pursue a stake in Telecom Italia after a Mon. exit fro...

AT&T won’t pursue a stake in Telecom Italia after a Mon. exit from talks, it said in a statement. European media cited “concern” among Italian politicians over chance the carrier would land in a foreign company’s hands. AT&T’s prospective…

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partner, Mexican telecom mogul Carlos Slim, still is trying to acquire a stake in Olimpia S.p.A., which in turn controls 18% of Telecom Italia, and for which media reports said AT&T and Slim were going to pay about $2.7 billion.