Italy Wants to Keep Control of Telecom Italia’s Key Assets in Any KKR Bid – Minister | Technology News


ROME (Reuters) – Italy wants to keep control of Telecom Italia’s (TIM) strategic assets in any potential takeover bid, Industry Minister Giancarlo Giorgetti said on Wednesday.

TIM has received a non-binding 10.8 billion euro ($12.27 billion) approach from U.S. private equity firm KKR aimed at taking Italy’s biggest phone group private.

(Reporting by Giuseppe Fonte, writing by Elvira Pollina; editing by Agnieszka Flak and Jane Merriman)

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