TIM squeezes more cash out of NetCo bidders

TIM has received two new bids for its network assets from the CdP Equity and Macquarie partnership, and from KKR.
The Italian incumbent confirmed receipt of the two new non-binding offers late on Tuesday, the deadline it had set for the interested parties to improve on their previous bids.
It did not explicitly state that the groups had submitted higher offers – in fact it did not provide much information at all, as has become the norm with this process – but clearly that is the case