It will compete with the incumbent Telecom Italia in providing local telephony but will transfer customers' long-distance calls to the incumbent.

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After years of negotiations the two sides have quietly struck a deal that calls for Tempelsman to transfer the artifacts to a U.S. public institution, presumably a museum, which after some time will return the sculptures to Italy.

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Santa Monica City Attorney Terry White, who must approve any transfer, has not responded to CNN calls for comment.

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