UPDATE 1-Fiat buys rest of Atlanet from Telefonica, Acea

Newswire

(Adds details) MILAN, Oct 23 (Reuters) - Italian industrial group Fiat has bought out the stakes Acea and Telefonica hold in their joint telecoms venture Atlanet, adding 22 million euros to its debt pile, the three companies said on Thursday. Fiat, which previously owned 33 percent of Atlanet, has been selling non-automotive assets to fund a turnaround of its loss-mired car unit and slash debt, which stood at 26.7 billion euros at the end of June. The group already uses Atlanet for its ...

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