TIM gets new NetCo bids, but sale could still falter

TIM has confirmed receipt of two new bids for its network assets, but despite the fact that there are still two horses in the race, it could yet draw to a close with no winner.
The Italian incumbent issued its now customary short statement to let us know that it received new non-binding bids from both the CdP Equity/Macquarie consortium and KKR ahead of Friday’s deadline. It provided no more information about the new offers, including giving no indication of value or increase therein, but