Plans to save TIM from KKR takeover could include major job cuts

Back in November, US investment firm KKR approached Italian incumbent operator TIM, offering €10.8 billion to take control of the business. The offer came following the latest profit warnings issued by the operator, which has found itself battling for slim profits in a highly competitive domestic market while also rolling out expensive 5G and fibre networks in recent years.The offer from KKR was quickly followed by the stepping down of TIM&rsquo…read more on TotalTele.com &