Telecom Italia approves KKR's $20 billion grid bid in blow for Vivendi | Reuters News Agency (www.reutersagency.com)
Reuters exclusively reported that Telecom Italia (TIM) (TLIT.MI) on Sunday approved the 19-billion-euro ($20 billion) sale of its fixed-line network to U.S. private equity firm KKR (KKR.N), becoming the first telecoms group in a major European country to part ways with its landline grid.
![](https://kbin.cafe/media/cache/resolve/entry_thumb/3e/ad/3ead07d1f5e40f3b359e01fee5fbf78914080af9a38c3c7935ab9cc9d51f8245.jpg)