Telecom Italia open to network spinoff as CEO weighs options


FILE PHOTO Telecom Italias logo is seen at the headquarters in Rozzano neighbourhood of Milan Italy May 25 2016.    REUTERSStefano Rellandini

FILE PHOTO: Telecom Italia's logo is seen at the headquarters in Rozzano neighbourhood of Milan, Italy, May 25, 2016. REUTERS/Stefano Rellandini

MILAN (Reuters) -Telecom Italia (TIM) on Wednesday opened the door to a spin-off of its prized infrastructure assets, saying its newly appointed chief executive would explore options to create value for shareholders.

Italy's embattled former phone monopoly will also continue to study a takeover approach by U.S. fund KKR and compare it with possible strategic alternatives.

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