MILAN (Reuters) – Telecom Italia (TIM) decided on Friday to give Italian state lender CDP and its partners until Nov. 30 to submit a non-binding offer for the former monopoly’s landline grid, two sources with knowledge of the matter said.
Talks between TIM, Italy’s biggest telecoms group, and CDP will continue on a non-exclusive basis, the people added.
CDP, fibre optic firm Open Fiber and infrastructure fund Macquarie had requested more time to negotiate a deal to buy TIM’s network assets, seeking to extend an initial deadline that ran out at the end of October for a binding agreement.
(Reporting by Elvira Pollina; Editing by Keith Weir and Valentina Za)
