Telecom Italia shares slide further as doubts over KKR's bid intensify


FILE PHOTO The TIM logo is seen at its headquarters in Rome Italy November 22 2021. REUTERSYara NardFile Photo

FILE PHOTO: The TIM logo is seen at its headquarters in Rome, Italy November 22, 2021. REUTERS/Yara Nard/File Photo

MILAN (Reuters) - Telecom Italia (TIM) shares fell for a straight second day on Wednesday following an internal meeting over plans to revamp the former phone monopoly while a takeover approach by U.S. fund KKR remains unanswered.

General Manager Pietro Labriola on Tuesday outlined to the company's directors a plan exploring alternative options to KKR's 10.8 billion euro ($12 billion) offer, two people familiar with the matter said, adding the board's response had been positive.

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