ROME : Telecom Italia's (TIM) plan to sell its prized landline grid asset to reduce debt 'should and can go well', CEO Pietro Labriola said on Thursday, as sources said bids have not met top shareholder Vivendi's expectations.U.S. fund KKR and a rival consortium comprising state lender CDP and Australian
ROME : Telecom Italia's plan to sell its prized landline grid asset to reduce debt"should and can go well", CEO Pietro Labriola said on Thursday, as sources said bids have not met top shareholder Vivendi's expectations.
"We haven't seen the offers yet," but"when managing a complex dossier like this, you have to be confident that things should and can go well," Labriola said on the sidelines of an event in Rome. Labriola said there was also a back-up plan to improve TIM's prospects, should the asset sale not be possible.
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