Once AT&T retired its offer, the future of Telecom Italia seems to rely upon Intesa Sanpaolo’s bid (probably the biggest italian bank). Should this scenario become true, the result would be a sort of Zaibatsu.
The interesting thing is that to avoid the monopoly, the Italian governement and the Ministry of communication, On. Gentiloni (Margherita) are creating an enormous conglomerate.
Will that helps promoting free market?