TIM splits off network and sells towers

TIM plans to split its business into two separate legal entities, a move that will likely help it fend off a takeover bid from KKR.
The Italian incumbent made the announcement alongside the publication of a set of full-year financials that showed shrinking revenues and a heavy drop in earnings, and the revelation that it is selling out of its towers business INWIT.
The telco is operating in tricky times, as its numbers show, but those in power clearly believe they have the answer to driving grow