KKR, CDP rival consortium readying new bids for Telecom Italia's grid

By Elvira Pollina

Technology
Thursday, 08 Jun 2023
7:03 PM MYT

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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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Symbol	Open	High	Low	Last	Chg	%Chg	Vol ('00)
HSI-CWGB	0.175	0.175	0.135	0.135	-0.040	-22.86	2,656,579
HSI-PWFZ	0.185	0.200	0.185	0.200	0.020	11.11	2,070,333
HSI-CWEY	0.200	0.205	0.185	0.185	-0.025	-11.90	1,892,445
HSI-PWHC	0.160	0.180	0.160	0.180	0.030	20.00	897,346
HSI-CWC6	0.110	0.110	0.080	0.080	-0.045	-36.00	551,673
HSI-CWEZ	0.100	0.100	0.085	0.090	-0.025	-21.74	465,371
TANCO	0.975	0.990	0.970	0.980	0.005	0.51	416,875
HSI-CWGA	0.085	0.085	0.065	0.070	-0.015	-17.65	396,640
SNS	0.495	0.550	0.495	0.535	0.040	8.08	330,067
MAGMA	0.430	0.485	0.430	0.460	0.030	6.98	322,783
NEXG	0.355	0.355	0.340	0.345	-0.015	-4.17	288,295
YTLPOWR-C77	0.040	0.045	0.040	0.045	0.000	0.00	245,711
ALAM	0.035	0.035	0.025	0.030	-0.005	-14.29	235,531
VELESTO	0.185	0.190	0.180	0.185	0.000	0.00	225,608
SENDAI-WA	0.060	0.065	0.050	0.055	-0.005	-8.33	200,020

KKR, CDP rival consortium readying new bids for Telecom Italia's grid