CVC submits an offer on the business services activity of TIM-sources

MILAN, March 26 (Reuters) – CVC Capital Partners has submitted a non-binding offer to Telecom Italia (TIM) to acquire a minority stake in the Italian group’s business services arm, two sources said on Saturday.

The offer concerns a 49% stake in this activity which includes services in the “cloud” (dematerialized computing), the Internet of Things and cybersecurity for large companies, said one of the sources.

Telecom Italia began talks with KKR last week to assess the takeover offer, worth a potential amount of 10.8 billion euros, presented in November by the American investment fund, had indicated to Reuters. sources familiar with the matter. (Report Elvira Pollina and Giuseppe Fonte; French version Claude Chendjou)

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