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


Want to listen to full audio?

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

Already a member? Log In