Shares in Telecom Italia (TIM) rose as much as 30% on Monday, after U.S. fund KKR presented a non-binding proposal to buy Italy's former phone monopoly valuing it at 10.8 billion euros ($12 billion).
TIM mulling bid for $1 billion Italian cloud hub project totaltele.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from totaltele.com Daily Mail and Mail on Sunday newspapers.