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Telecom Italia Approves Grid Sale, Defying Its Top Investor

(Bloomberg) Telecom Italia SpA has agreed to sell its landline network to KKR & Co. for as much as €22 billion ($24 billion), moving ahead with a strategic shakeup it’s been weighing for over 15 years — and defying its biggest shareholder. Most Read from BloombergAmazon’s Jeff Bezos Announces Move to Miami From SeattleSam Bankman-Fried Convicted of Fraud in Stunning FTX CrashBiggest Cross-Asset Rally This Year Takes Wall Street by StormIceland’s Blue Lagoon on Alert for Magma Flows After Eart ....

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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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Havas claims to be among 'best in class' with 4.5% growth in Q3 | Advertising

French agency group expects organic revenue to be ahead of most rivals ....

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KKR prepares binding bid for Telecom Italia's grid as deadline looms, ET Telecom

A deal with KKR is the centrepiece of TIM CEO Pietro Labriola s strategy to reshape the group, burdened with 26 billion euros ($27.6 billion) of net debt, and to allow a fresh start for the remaining services business which has been hard hit by price competition in its home market. ....

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What's at stake in Telecom Italia grid deal?, Telecom News, ET Telecom

Telecom Italia: The original deadline for a binding bid was the end of September but that is set to be pushed back to Oct.15 at KKR s request. ....

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