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TIT Telecom Italia SpA

0.2229
-0.0032 (-1.42%)
30 Apr 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type
Telecom Italia SpA BIT:TIT Italy Ordinary Share
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  -0.0032 -1.42% 0.2229 0.2212 0.2232 0.2258 0.2207 0.2256 172,956,795 17:00:00

Telecom Italia Says Network-Assets Suitors Submitted New Offers

19/04/2023 6:34am

Dow Jones News


Telecom Italia (BIT:TIT)
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By Adria Calatayud

 

Telecom Italia SpA said it has received two new nonbinding offers for its fixed-line network assets from a consortium formed by Italian state lender Cassa Depositi e Prestiti SpA and Macquarie Group Ltd., and from KKR & Co.

The Italian telecommunications company said late Tuesday that its board will consider the offers at a meeting scheduled for May 4.

Terms of the offers weren't disclosed.

Telecom Italia previously said the initial bids for a new company to be set up, known as NetCo, from the CDP-Macquarie consortium and from KKR needed improvement.

 

Write to Adria Calatayud at adria.calatayud@dowjones.com

 

(END) Dow Jones Newswires

April 19, 2023 01:19 ET (05:19 GMT)

Copyright (c) 2023 Dow Jones & Company, Inc.

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