The Telecom Italia board is analyzing the takeover bid presented by the KKR fund




The Italian public telecommunications company TIM has today convened its board of directors with extraordinary character to analyze the share purchase offer (opa) presented by the US fund KKR (Kohlberg Kravis Roberts & co) at a difficult time for the company, according to the newspaper ‘Corriere della Sera’.

The US fund is already a shareholder of FiberCop, the company in which TIM transferred its secondary network (called the last mile), but has now filed a takeover bid on the entire capital of the group, also thanks to the fact that the shares are currently at all-time lows, explains the Milanese newspaper.

In any case, it will be the Italian Government who will have the last word on this operation given its presence in TIM’s capital.

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