KKR tables binding offer for stake in TIM's last-mile grid: sources
ROME (Reuters) – U.S. investment firm KKR (KKR.N) has tabled a binding offer for a minority stake of Telecom Italia’s (TIM) (TLIT.MI) so-called last-mile grid, two sources familiar with the matter said on Wednesday.
KKR, which has been in exclusive talks with TIM for the planned sale, offered 1.8 billion euros ($2.12 billion) to buy 38% of the former phone monopoly’s secondary copper and fibre network, which runs cable from street cabinets to users’ homes, one of the sources said. KKR and Telecom Italia declined to comment.
Source: Read Full Article