Telecom Italia (TIM) has been informed that CDP Equity, Macquarie and Open Fibre need more time before they can strike a deal to buy its network assets.
In a statement, the telco said that the parties “have communicated that the evaluation process currently underway, given the magnitude of the transaction and the time required to analyse all the information received from TIM, requires an extension of the indicative timeline originally discussed, and they have expressed their readiness to reassess it”.
It added that “KKR for its part confirmed that it intends to remain aligned with TIM in the MoU discussion” and that the parties will meet this week.
