Telecom Italia (TIM) has received a non-binding offer from a consortium formed by CdP Equity (CDPE) and Macquarie Infrastructure and Real Assets (Europe) Limited for the acquisition of its fixed network infrastructure and a stake in Sparkle.
In a statement, the telco said that the offer, which expires on March 31, will be subject to the preliminary examination of the Related Parties Committee. It will then be brought to the attention of its board of directors, which may meet on March 15.
Reuters reports that TIM is expected to approve the bid, which rivals one submitted by KKR and is believed to be worth around €18 billion, including some €6 billion in debt.
