The Italian telecommunications operator is seeking to sell its fixed network to pare down a huge debt pile. Photo: Miguel MEDINA / AFPTelecom Italia on Sunday approved an offer by US investment fund KKR for its fixed-line network, infuriating its main shareholder which vowed to contest the"illegal" decision.
TIM said its board had approved the deal, whose value could reach 22 billion euros and which would reduce the debt by"around 14 billion euros".
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