Telecom Italia intends to cut further 4,000 jobs in Italy and also sell of its non-core assets amounting to $3.82 billion in order to bring down the debt and slash costs. Company, according to its 2009-2011 business plan, aims to grow its presence in Brazil. The 2009-2011 aims at trimming costs and relies on growth largely from its Italian and Brazilian businesses. It will also expand in Argentina by raising its stake in Sofora.

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