\"\"
<\/span><\/figcaption><\/figure>By Elvira Pollina
<\/strong>
MILAN: Telecom Italia<\/a> (TIM<\/a>) directors will meet on Thursday to decide their response to multibillion bids for the phone company's landline grid as top investor Vivendi<\/a> calls into question the group's strategy.

The sale of TIM's fixed network and its submarine cable unit
Sparkle<\/a> is the focus of CEO Pietro Labriola's plan to slash the company's 25 billion euros ($27.6 billion) of debt and revive the former phone monopoly's struggling domestic business.

Rival suitors KKR and a consortium comprising Italian state lender
CDP<\/a> and Macquarie have offered 21 billion euros and 19.3 billion euros respectively, sources have previously said, each raising initial bids by 1 billion euros. KKR's bid includes a potential 2 billion euro payment based on future performance.

TIM is expected to seek a third round of offers, other sources familiar with the matter told Reuters, despite Vivendi calling on TIM to draw a line under the bidding process, given the yawning gap to what it thinks should be paid.

KKR's bid is seen as the stronger alternative on the back of a significant effort to improve the detailed terms of its offer beyond the headline figure, according to sources in TIM's camp.

However, both approaches for TIM's most valuable asset remain a long way below the 31 billion euros sought by Vivendi and also fell short of market expectations.

Telecom Italia shares have fell by 21% since the suitors submitted the improved bids on April 18.

French media giant Vivendi, which owns a 23.8% stake in TIM, in the past months relinquished its seats on the board and is calling for changes to how the group is run as it aims to negotiate an alternative plan with the Italian government.

For her part, Prime Minister Giorgia Meloni last month said her right-wing administration will not intervene at this stage in the network sale process, although it is on alert to avoid any risk to the national interest.
<\/body>","next_sibling":[{"msid":99988840,"title":"Spain's antitrust watchdog opens probe into Telefonica over Formula 1 TV rights","entity_type":"ARTICLE","link":"\/news\/industry\/spains-antitrust-watchdog-opens-probe-into-telefonica-over-formula-1-tv-rights\/99988840","category_name":null,"category_name_seo":"industry"}],"related_content":[],"msid":99989807,"entity_type":"ARTICLE","title":"TIM debates grid bids as investor Vivendi challenges strategy","synopsis":"The sale of TIM's fixed network and its submarine cable unit Sparkle is the focus of CEO Pietro Labriola's plan to slash the company's 25 billion euros ($27.6 billion) of debt and revive the former phone monopoly's struggling domestic business.","titleseo":"industry\/tim-debates-grid-bids-as-investor-vivendi-challenges-strategy","status":"ACTIVE","authors":[],"analytics":{"comments":0,"views":177,"shares":0,"engagementtimems":852000},"Alttitle":{"minfo":""},"artag":"Reuters","artdate":"2023-05-04 17:38:58","lastupd":"2023-05-04 18:03:55","breadcrumbTags":["tim","vivendi","telecom italia","sparkle","cdp","industry","TIM landline grid"],"secinfo":{"seolocation":"industry\/tim-debates-grid-bids-as-investor-vivendi-challenges-strategy"}}" data-authors="[" "]" data-category-name="Industry" data-category_id="18" data-date="2023-05-04" data-index="article_1">

蒂姆辩论网格投标作为战略投资者威望迪挑战

蒂姆的固定的销售网络和其海底电缆单位闪耀的焦点是首席执行官皮特Labriola计划削减公司的250亿欧元(合276亿美元)的债务和恢复前电话垄断陷入困境的国内业务。

  • 2023年5月4日更新是06:03点
阅读: 100年行业专业人士
读者的形象读到100年行业专业人士
由埃尔韦拉Pollina说道

米兰:意大利电信(蒂姆)董事将满足周四决定他们的反应数十亿竞标电话公司的固定网格作为顶级投资者维旺迪质疑该组织的战略。

蒂姆的固定的销售网络和它的海底电缆闪耀的焦点是首席执行官皮特Labriola计划削减公司的250亿欧元(合276亿美元)的债务和恢复前电话垄断陷入困境的国内业务。

竞争对手的求婚者KKR和意大利国家银行组成的财团CDP和麦格理分别提供210亿欧元和193亿欧元,消息人士此前曾表示,每个提高初始出价10亿欧元。KKR的报价包括潜在的20亿欧元付款基于未来的表现。

广告
蒂姆预计将寻求第三轮,其他来源的知情人士告诉路透,尽管威望迪呼吁蒂姆画一条线在招标过程中,考虑到它认为应该支付缺口。

KKR的投标被视为替代越强的一个重要的努力改善报价的详细条款以外的头条人物,根据来源在蒂姆的阵营。

然而,这两种方法对蒂姆的最有价值的资产仍远远低于310亿欧元,威望迪也低于市场预期。

意大利电信的股价已下跌了21%自提交改善后的报价在4月18日的追求者。

法国媒体巨头Vivendi,拥有23.8%的股份蒂姆,过去几个月放弃了它的董事会席位,并呼吁改变集团是如何运行的,因为它旨在与意大利政府协商一个替代方案。

对于她来说,首相Giorgia梅洛尼上个月说,她的右翼政府不会干预在网络销售过程中的这个阶段,虽然它在提醒,以避免任何风险国家利益。
  • 发布于2023年5月4日下午05:38坚持
是第一个发表评论。
现在评论

加入2 m +行业专业人士的社区

订阅我们的通讯最新见解与分析。乐动扑克

下载ETTelec乐动娱乐招聘om应用

  • 得到实时更新
  • 保存您最喜爱的文章
扫描下载应用程序
\"\"
<\/span><\/figcaption><\/figure>By Elvira Pollina
<\/strong>
MILAN: Telecom Italia<\/a> (TIM<\/a>) directors will meet on Thursday to decide their response to multibillion bids for the phone company's landline grid as top investor Vivendi<\/a> calls into question the group's strategy.

The sale of TIM's fixed network and its submarine cable unit
Sparkle<\/a> is the focus of CEO Pietro Labriola's plan to slash the company's 25 billion euros ($27.6 billion) of debt and revive the former phone monopoly's struggling domestic business.

Rival suitors KKR and a consortium comprising Italian state lender
CDP<\/a> and Macquarie have offered 21 billion euros and 19.3 billion euros respectively, sources have previously said, each raising initial bids by 1 billion euros. KKR's bid includes a potential 2 billion euro payment based on future performance.

TIM is expected to seek a third round of offers, other sources familiar with the matter told Reuters, despite Vivendi calling on TIM to draw a line under the bidding process, given the yawning gap to what it thinks should be paid.

KKR's bid is seen as the stronger alternative on the back of a significant effort to improve the detailed terms of its offer beyond the headline figure, according to sources in TIM's camp.

However, both approaches for TIM's most valuable asset remain a long way below the 31 billion euros sought by Vivendi and also fell short of market expectations.

Telecom Italia shares have fell by 21% since the suitors submitted the improved bids on April 18.

French media giant Vivendi, which owns a 23.8% stake in TIM, in the past months relinquished its seats on the board and is calling for changes to how the group is run as it aims to negotiate an alternative plan with the Italian government.

For her part, Prime Minister Giorgia Meloni last month said her right-wing administration will not intervene at this stage in the network sale process, although it is on alert to avoid any risk to the national interest.
<\/body>","next_sibling":[{"msid":99988840,"title":"Spain's antitrust watchdog opens probe into Telefonica over Formula 1 TV rights","entity_type":"ARTICLE","link":"\/news\/industry\/spains-antitrust-watchdog-opens-probe-into-telefonica-over-formula-1-tv-rights\/99988840","category_name":null,"category_name_seo":"industry"}],"related_content":[],"msid":99989807,"entity_type":"ARTICLE","title":"TIM debates grid bids as investor Vivendi challenges strategy","synopsis":"The sale of TIM's fixed network and its submarine cable unit Sparkle is the focus of CEO Pietro Labriola's plan to slash the company's 25 billion euros ($27.6 billion) of debt and revive the former phone monopoly's struggling domestic business.","titleseo":"industry\/tim-debates-grid-bids-as-investor-vivendi-challenges-strategy","status":"ACTIVE","authors":[],"analytics":{"comments":0,"views":177,"shares":0,"engagementtimems":852000},"Alttitle":{"minfo":""},"artag":"Reuters","artdate":"2023-05-04 17:38:58","lastupd":"2023-05-04 18:03:55","breadcrumbTags":["tim","vivendi","telecom italia","sparkle","cdp","industry","TIM landline grid"],"secinfo":{"seolocation":"industry\/tim-debates-grid-bids-as-investor-vivendi-challenges-strategy"}}" data-news_link="//www.iser-br.com/news/industry/tim-debates-grid-bids-as-investor-vivendi-challenges-strategy/99989807">