TIM picks KKR for networks deal, but it’s not over yet

TIM is to enter into exclusive negotiations with KKR over the sale of its network assets, the private equity company having submitted a higher offer than rival bidders CDP Equity and Macquarie.
The Italian incumbent announced on Thursday evening that its board of directors had examined the final offers from both parties and given CEO Pietro Labriola the nod to broker a final deal with KKR. The board wants the deal hammered out as soon as possible; it wants a “conclusive and binding offer&r