Telecom Italia once tried to buy Apple, now It is in trouble. Here’s why
It's not a misprint. Telecom Italia SpA, Italy's beleaguered former telephone monopoly, once pitched a plan to buy Apple Inc.
About 25 years ago a group of executives from the carrier flew to California to meet Apple co-founder Steve Jobs, with an audacious plan to buy the tech company at a time it was struggling to make headway against rivals like International Business Machines Corp.
Telecom Italia, on the other hand, was flying high, ranking as the world's sixth-largest telephone company by sales. Worth about €90…