FILE PHOTO: The TIM logo is seen at its headquarters in Rome, Italy November 22, 2021. REUTERS/Yara Nard
MILAN (Reuters) - Telecom Italia (TIM) is working with banks to draw up a new business plan that could involve spinning off assets as it studies options to help assess a buyout offer from U.S. fund KKR, two sources familiar with the matter said on Tuesday.
Debt-laden TIM received a non-binding buyout approach from KKR in November that indicatively valued the former telephone monopolist at 33 billion euros ($38 billion) including debt.
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