TIM, non-binding offer for Netco received from KKR

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(Alliance News) – Telecom Italia Spa announced on Thursday that it has received a non-binding offer from KKR to buy a stake in a newly formed company that overlaps the perimeter of fixed network management and infrastructure, including assets and activities of FiberCop, as well as the stake in Sparkle, so called Netco.

The non-binding offer refers to a shareholding to be defined, with the understanding that the purchase results in the loss of vertical integration in relation to TIM.

TIM, on Wednesday, closed 0.7 percent in the red at EUR0.26 per share.

By Claudia Cavaliere, Alliance News reporter

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