KKR asks Telecom Italia to extend deadline for grid bid

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KKR asks Telecom Italia to extend deadline for grid bid
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MILAN (Reuters) - U.S. fund KKR has asked Telecom Italia (TIM) to push back a Sept. 30 deadline to submit a multi-billion euro binding offer for the ...

MILAN - U.S. fund KKR has asked Telecom Italia to push back a Sept. 30 deadline to submit a multi-billion euro binding offer for the phone group's landline network until Oct.15, TIMSaltWire's Atlantic regional weather forecast for September 22, 2023 | SaltWireMILAN - U.S. fund KKR has asked Telecom Italia to push back a Sept. 30 deadline to submit a multi-billion euro binding offer for the phone group's landline network until Oct.15, TIM said on Friday.

The U.S. fund's preliminary bid valued the business -- dubbed NetCo -- at around 23 billion euros including debt and taking into account a number of variables.

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