Italy's CDP bids for TIM's grid to rival KKR approach


The Tim logo is seen at its headquarters in Rome Italy November 22 2021. REUTERSYara Nardi

The Tim logo is seen at its headquarters in Rome, Italy November 22, 2021. REUTERS/Yara Nardi

MILAN (Reuters) -Italian state lender CDP said on Sunday its board had approved a non-binding offer for the fixed-line network of former phone monopoly Telecom Italia (TIM), adding it would be valid until March 31.

CDP has teamed up with Australian infrastructure fund Macquarie to bid for the whole of Italy's most important telecommunications infrastructure.

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