Telecom Italia board to discuss network spinoff in slow-burn KKR drama
The board of Telecom Italia (TIM) (TLIT.MI) will discuss the group’s overhaul on Monday as newly appointed chief executive Pietro Labriola strives to forge an alternative to a takeover proposal by U.S. fund KKR (KKR.N).
KKR makes $12 billion approach to take Telecom Italia private
Telecom Italia (TIM) (TLIT.MI) has received a 10.8 billion euro ($12 billion) approach from U.S. fund KKR (KKR.N) aimed at taking Italy’s biggest phone group private, the company said on Sunday.
Under-fire Telecom Italia CEO faces board showdown
Telecom Italia (TIM) (TLIT.MI) CEO Luigi Gubitosi faces the board on Thursday at a meeting sought by top investor Vivendi (VIV.PA) following two profit warnings in three months at Italy’s former phone monopoly.
