Telecom Italia (TIM) says it has received two new non-binding bids for its fixed-line business Netco.
In a statement, it says that they are from a consortium formed by CdP Equity S.p.A. and Macquarie Infrastructure and Real Assets (Europe) Limited, acting on behalf of a group of investment funds managed or advised by the Macquarie group, and Kohlberg Kravis Roberts & Co. L.P. (“KKR”).
TIM adds that they will be examined by its board of directors at the meeting scheduled for May 4, following preliminary investigation by the Related Parties Committee.