Bankers leading what would be a record $22.5 billion syndicated loan for Italy's Olivetti SpA expressed confidence Monday that the deal would be fully financed by Friday.

As many as 200 banks across the world could hold a piece of the loan, which Olivetti would use to help pay for its proposed $57.3 billion hostile takeover of Telecom Italia SpA, a former state-run mobile phone company.

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