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Telecom Italia gives green light to KKR s grid bid, sources say

MILAN (Reuters) -Telecom Italia (TIM) on Sunday approved the 19 billion euro ($20 billion) sale of its fixed-line network to U.S. private equity firm KKR, becoming the first telecoms group in a major European country to part ways with its landline grid. The deal, backed by Prime Minister Giorgia Meloni's conservative administration, involves an asset that Italy deems of national strategic importance as the country works to bridge its digital divide with the rest of the European Union. The board started a review of KKR's offer on Friday, and extended the meeting through Sunday when it approved the sale with 11 directors in favour and three against, TIM said.

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Telecom Italia Board Said to Approve Sale of Network to KKR

Telecom Italia Board Said to Approve Sale of Network to KKR
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Telecom Italia reviews KKR s bid as rival plan emerges

Telecom Italia directors will on Friday begin assessing a multi-billion euro bid for its fixed-line grid from U.S fund KKR, part of a government-backed plan opposed by top shareholder Vivendi.

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Telecom Italia reviews KKR s bid as rival plan emerges, Telecom News, ET Telecom

Telecom Italia: After an initial review on Friday, TIM directors will gather again on Sunday to decide whether to back the KKR deal after months of negotiations with the U.S. fund.

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Fiber Optics Market Growth in Italy discussed in a new research report

Fiber Optics Market Growth in Italy discussed in a new research report
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