Telecom Italia (TIM), the dominant telecoms operator in Italy, has announced it will engage in formal talks with KKR over the US-based private equity firm’s takeover approach.
TIM became the subject of a takeover bid from KKR back in November. At the time, TIM said that KKR had offered €0.505 per share in cash, a proposal that would give the telco an equity value of €10.7bn.
You need to have a subscription to access this content
If you would like more information on our Media product please contact our sales team
Already have an account? Sign in here
