MILAN: Telecom Italia (TIM) said it would start formal talks with KKR to assess the United States fund’s potential €10.8bil (US$11.8bil or RM49.57bil) offer for Italy’s biggest phone group, almost four months after the approach.
TIM, however, said it would also explore a possible tie-up with state-backed broadband rival Open Fiber as it pursues an in-house revamp new CEO Pietro Labriola presented in early March.
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