November 21, 2014 / 7:10 AM / 5 years ago

Telecom Italia likely to sell Brazil towers to American Tower-sources

BARCELONA/MILAN, Nov 21 (Reuters) - Telecom Italia will likely sell the mobile phone towers of its Brazilian unit to American Tower Corp for almost the full targeted amount of 900 million euros ($1.1 billion), two sources familiar with the situation told Reuters.

According to one of the sources, a deal has already been worked out and could be announced at a Telecom Italia board meeting on Friday.

Telecom Italia declined to comment, while American Tower did not respond to an emailed request for comment. (1 US dollar = 0.7974 euro) (Reporting by Danilo Masoni and Silvia Aloisi, editing by Stephen Jewkes)

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