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Despite a debt burden of nearly 29 billion euros ($39.1billion) and sinking margins at home, Telecom Italia has beenseen as a potential takeover target. It has attracted interest from Egyptian tycoon Naguib Sawiris and Hong Kong-basedHutchison Whampoa, while U.S. telecoms group AT&T has also had contacts with the firm, people close to thematter have said.
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