Q&A-Why Is Telecom Italia Caught Up In Bid Excitement?

U.S. private equity firm KKR has submitted a nonbinding proposal https://www.reuters.com/markets/deals/telecomitaliaboardmeetsundaykkrstakeoverproposalsources20211121 to take Telecom Italia (TIM) private, valuing Italy's former phone monopoly at 33 billion euros ($37 billion) including net debt.

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