{"id":1681745,"date":"2022-10-10T11:55:53","date_gmt":"2022-10-10T15:55:53","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=1681745"},"modified":"2022-10-10T11:56:13","modified_gmt":"2022-10-10T15:56:13","slug":"parties-bidding-for-tims-grid-want-more-time-for-talks","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/parties-bidding-for-tims-grid-want-more-time-for-talks\/","title":{"rendered":"Parties bidding for TIM\u2019s grid want more time for talks"},"content":{"rendered":"<aside class=\"mashsb-container mashsb-main mashsb-stretched\"><div class=\"mashsb-box\"><div class=\"mashsb-count mash-medium\" style=\"&quot;\"><div class=\"counts mashsbcount\">20<\/div><span class=\"mashsb-sharetext\">SHARES<\/span><\/div><div class=\"mashsb-buttons\"><a class=\"mashicon-facebook mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https%3A%2F%2Fwww.conservativenewsdaily.net%2Fbreaking-news%2Fparties-bidding-for-tims-grid-want-more-time-for-talks%2F\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Facebook<\/span><\/a><a class=\"mashicon-twitter mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/twitter.com\/intent\/tweet?text=&amp;url=https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=1681745&amp;via=ConservNewsDly\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Twitter<\/span><\/a><a class=\"mashicon-subscribe mash-medium mash-nomargin mashsb-noshadow\" href=\"#\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Subscribe<\/span><\/a><div class=\"onoffswitch2 mash-medium mashsb-noshadow\" style=\"display:none\"><\/div><\/div>\n            <\/div>\n                <div style=\"clear:both\"><\/div><\/aside>\n            <!-- Share buttons by mashshare.net - Version: 4.0.47--><p>MILAN (Reuters) -The potential bidders for Telecom Italia\u2019s (TIM) network assets have asked for more time for talks given the size of the transaction, Italy\u2019s biggest phone group said on Monday. <\/p>\n<p>Italy\u2019s state lender CDP is readying a preliminary offer for TIM\u2019s landline grid as it pursues plans to create a single broadband company with smaller rival Open Fiber, in which it is the largest shareholder. Macquarie, which has a minority stake in Open Fiber, is also expected to join the bid.<\/p>\n<div id=\"div-gpt-ad-1663871513696-art-1\">\n<\/div>\n<p>Under a preliminary agreement sealed in May, CDP and TIM aimed for a binding deal by the end of October but the process has been subject to multiple delays and has been further complicated by Italy\u2019s national election last month.<\/p>\n<p>In a statement on Monday, TIM said that CDP, Macquarie and Open Fiber had requested an extension of the timeline to evaluate the information received from TIM.<\/p>\n<p>TIM added that KKR, which owns a minority stake in its last mile network, was planning to remain aligned with TIM in the discussions. <\/p>\n<p>The parties are set to meet this week, TIM said.<\/p>\n<p>Valuation issues have also been a stumbling block in negotiations between TIM and CDP.<\/p>\n<p>TIM\u2019s top investor Vivendi  is looking for a valuation of 31 billion euros ($30.06 billion) to back a sale of the grid with the prospect of a merger with Open Fiber, a source familiar with the French media group had said.<\/p>\n<p>CDP values Telecom Italia\u2019s landline grid in the region of 20 billion euros including debt, sources had previously said. Other sources pointed to a range of 15-18 billion euros.<\/p>\n<p>($1 = 1.0314 euros)<\/p>\n<p> (Reporting by Elvira PollinaWriting by Keith Weirediting by Agnieszka Flak)<\/p>\n<p><a href=\"https:\/\/www.oann.com\/uncategorized\/parties-bidding-for-tims\/attachment\/file-photo-tim-general-manager-pietro-labriola-poses-for-a\/\"><img decoding=\"async\" src=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-content\/uploads\/2022\/10\/tagreuters.com2022binary_LYNXMPEI990TV-BASEIMAGE.jpg\" alt=\"tagreuters.com2022binary_LYNXMPEI990TV-BASEIMAGE\" \/><\/a><\/p>\n<p><a href=\"https:\/\/www.oann.com\/uncategorized\/parties-bidding-for-tims\/attachment\/file-photo-optical-fiber-cables-for-internet-providers-are-seen\/\"><img decoding=\"async\" src=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-content\/uploads\/2022\/10\/tagreuters.com2022binary_LYNXMPEI990TX-BASEIMAGE.jpg\" alt=\"tagreuters.com2022binary_LYNXMPEI990TX-BASEIMAGE\" \/><\/a><\/p>\n<p><a href=\"https:\/\/www.oann.com\/uncategorized\/parties-bidding-for-tims\/attachment\/illustration-shows-telecom-italia-tim-logo-4\/\"><img decoding=\"async\" src=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-content\/uploads\/2022\/10\/tagreuters.com2022binary_LYNXMPEI990SF-BASEIMAGE.jpg\" alt=\"tagreuters.com2022binary_LYNXMPEI990SF-BASEIMAGE\" \/><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>MILAN (Reuters) -The potential bidders for Telecom Italia\u2019s (TIM) network assets have asked for more time for talks given the size of the transaction, Italy\u2019s biggest phone group said on<\/p>\n","protected":false},"author":66,"featured_media":2315279,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","fifu_image_url":"","fifu_image_alt":"","footnotes":""},"categories":[],"tags":[],"class_list":["post-1681745","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry"],"_links":{"self":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1681745","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/users\/66"}],"replies":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/comments?post=1681745"}],"version-history":[{"count":0,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1681745\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/2315279"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=1681745"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=1681745"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=1681745"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}