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Telecom Italia working on new business plan as assesses KKR offer – sources
The TIM brand is found at its headquarters in Rome, Italy November 22, 2021. REUTERS/Yara Nard Sign-up now for Free unrestricted access to Reuters.com Sign-up MILAN, Jan 4 (Reuters) – Telecom Italia (TIM) (TLIT.MI) is working with financial institutions to draw up a new company system that could entail spinning off belongings as it scientific studies options to assistance assess a buyout offer from U.S. fund KKR (KKR.N), two resources acquainted with the subject stated on Tuesday. Debt-laden TIM acquired a non-binding buyout strategy from KKR in November that indicatively valued the former telephone monopolist at 33 billion euros ($38 billion) including personal debt. But a energy vacuum prompted by…