Telecom Italia GM to outline plans as doubts on KKR's bid mount


FILE PHOTO Telecom Italia TIM General Manager Pietro Labriola poses for a portrait at the companys headquarters in Rome Italy January 17 2022. REUTERSGuglielmo Mangiapane

FILE PHOTO: Telecom Italia (TIM) General Manager Pietro Labriola poses for a portrait at the company's headquarters in Rome, Italy, January 17, 2022. REUTERS/Guglielmo Mangiapane

MILAN (Reuters) - Telecom Italia (TIM) General Manager Pietro Labriola will on Tuesday outline to the company's directors his plan to revamp the former phone monopoly, an alternative strategy to weigh against a takeover approach by U.S. fund KKR.

TIM, which on Friday is expected to appoint Labriola nL8N2TR2DC chief executive, is yet to respond to KKR's non-binding 10.8 billion euro ($12.28 billion) proposal which is contingent on support from TIM's board and Italy's government.

Unlock 30% Savings on Ad-Free Access Now!

Monthly Plan

RM13.90/month
RM9.73 only

Billed as RM9.73 for the 1st month then RM13.90 thereafters.

Annual Plan

RM12.33/month
RM8.63/month

Billed as RM103.60 for the 1st year then RM148 thereafters.

1 month

Free Trial

For new subscribers only


Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.

Follow us on our official WhatsApp channel for breaking news alerts and key updates!

Others Also Read


All Headlines:

Want to listen to full audio?

Unlock unlimited access to enjoy personalise features on the TheStar.com.my

Already a member? Log In