Italy is close to granting preliminary approval to a multibillion-euro offer by state lender CDP and Macquarie Group for Telecom Italia's landline network, Bloomberg News reported on Saturday citing people familiar with the matter.
"does not wholly reflect the value of the asset". TIM said its objective was to facilitate an improved offer by the end of March.
Top officials with Italian Prime Minister Giorgia Meloni's government met on Friday to review the latest details of the bid, the report said.for TIM's landline grid by four weeks to March 24 after the government asked the U.S. fund to extend the deadline to give it more time to analyse the potential deal, in particular its sway over a sector deemed strategic for the country.
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