FILE PHOTO: Telecom Italia (TIM) logo is seen displayed in this illustration taken, May 3, 2022. REUTERS/Dado Ruvic
MILAN (Reuters) - U.S. fund KKR and a rival consortium comprising state lender CDP and Australian fund Macquarie are readying to submit slightly improved bids for Telecom Italia's (TIM) network ahead of a June 9 deadline, sources said.
Debt-crippled TIM is seeking improved offers for its most valuable asset after having assessed as not yet adequate the proposals received in May.
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