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Telecom Italia (TIM) is the first telecoms group in a major European country to part ways with its landline grid

Telecom Italia approves KKR's €19 billion grid bid

Telecom Italia (TIM) has approved the €19 billion sale of its fixed-line network to US private equity firm KKR, becoming the first telecoms group in a major European country to part ways with its landline grid.

Business • 06 Nov 23

Italian state investor CDP and Australian fund Macquarie submitted a joint bid for Telecom Italia's former phone monopoly's grid

Telecom Italia shares jump on rival offer

Telecom Italia shares rose as much as 5% today after Italian state investor CDP and Australian fund Macquarie submitted a joint bid for the former phone monopoly's grid, rivalling an approach by US firm KKR.

Business • 06 Mar 23

KKR first approached Telecom Italia last November with a non-binding offer valuing the company at €10.8 billion

Telecom Italia draws line under KKR bid approach

Telecom Italia (TIM) has turned its back on a takeover approach from KKR when it refused to grant the US fund access to its books because it had not confirmed bid terms.

Business • 08 Apr 22

The two sides in the deal are deadlocked over access to the Telecom Italia's books

Telecom Italia & KKR deadlocked over takeover approach

The chances of US fund KKR pushing ahead with a firm bid for Telecom Italia appeared to fade further today, with the two sides deadlocked over access to the company's books.

Business • 05 Apr 22

Telecom Italia has cut its 2021 earnings forecast for its domestic business

Telecom Italia issues third profit warning in a year

Telecom Italia, facing a takeover approach from US fund KKR, has cut the 2021 earnings forecast for its domestic business due to lower-than-expected fixed line revenue from its partnership with DAZN to screen Italian soccer.

Business • 16 Dec 21

Telecom Italia's CEO Luigi Gubitosi said he was ready to quit to help speed up a decision over KKR's takeover proposal

KKR offer prompts Telecom Italia board showdown

Telecom Italia faces another boardroom showdown after Luigi Gubitosi told them he was ready to quit as chief executive if that helped speed their decision over KKR's takeover proposal.

Business • 26 Nov 21

Telecom Italia (TIM) has issued two profit warnings in three months

Shares in Telecom Italia soar after KKR's approach

Shares in Telecom Italia (TIM) jumped as much as 30% today, after US fund KKR presented a non-binding proposal to buy Italy's former phone monopoly valuing it at €10.8 billion.

Business • 22 Nov 21

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