TIM's Board of Directors met today under the chairmanship of Salvatore Rossi and analysed in depth the non-binding offers received for Netco from the consortium formed by CdP Equity S.p.A. and Macquarie Infrastructure and Real Assets (Europe) Limited and by Kohlberg Kravis Roberts & Co. L.P. ("KKR") and deemed them not yet adequate.
Therefore, in light of the readiness expressed by at least one of the bidders to improve its non-binding offer, the Board decided to explore this readiness with the perspective of obtaining a final offer by 9 June.
Rome, 4 May 2023
