TIM network sale chaos may carry on until Christmas

KKR has finally submitted a binding offer for TIM’s network assets and it might be bigger than expected, but it could be the end of the year before we have any clarity on how it’s going to pan out.
Indeed, the short statement issued by the Italian incumbent confirming that KKR had stuck to its latest deadline actually created more confusion, not less. KKR appears to be making a separate bid for international network business Sparkle and that too could easily drag on until Christmas.