TIM shareholders say keep network, sell retail ops

A group of TIM’s minority shareholders has called on the Italian incumbent to cancel its plan to sell its fixed-line assets and instead offload its retail business and Brazilian operations.
The new plan comes from Merlyn Partners, a fund that represents shareholders collectively holding less than 3% of TIM. Alessandro Barnaba, one of Merlyn’s founders, and former TIM executive Stefano Siragusa have been working together for the past few months to come up with an alternative strategy