TIM receives two offers in bidding process for purchase of Netco

TIM announces that, as part of the competitive bidding process relating to Netco, two new non-binding offers have been received today, respectively submitted by the consortium formed by CdP Equity S.p.A. and Macquarie Infrastructure and Real Assets (Europe) Limited, acting on behalf of a group of investment funds managed or advised by the Macquarie Group, and by Kohlberg Kravis Roberts & Co. L.P.

The two non-binding offers will be examined by TIM’s Board of Directors at the meeting scheduled for 4 May next, after preliminary investigation by the Related Parties Committee.

CT Bureau