KKR targets TIM takeover for €10.8bn

In recent years, TIM has faced something of an uphill battle in its home market, with the company facing increasingly stiff domestic competition and expensive rollout costs for 5G and fibre networks. Combined, these factors have seen the company’s share price decline significantly, with the company recently forced to issue profit warnings for the second quarter in a row.
As a result, CEO Luigi Gubitosi has found himself under siege from the company’s largest single shareholder…

read more on TotalTele.com »

Recent Posts