KKR makes $12 bln approach to take Telecom Italia private - NewsBreak
By Martin in Business
Updated 2 years ago
MILAN, Nov 21 (Reuters) - Telecom Italia (TIM) (TLIT.MI) said on Sunday it had received a 10.8 billion euros ($12 billion) approach from U.S. fund KKR (KKR.N) aimed at taking Italy's biggest phone group private. KKR's move comes as TIM's CEO Luigi Gubitosi battles for survival after coming under fire...