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TIM drops exclusivity in extended talks with CDP over network-sources By Reuters

© Reuters. FILE PHOTO: The Tim logo is seen at its headquarters in Rome, Italy November 22, 2021. REUTERS/Yara Nardi

MILAN (Reuters) – Telecom Italia (BIT:) (TIM) decided on Friday to give Italian state lender CDP and its partners until Nov. 30 to submit a non-binding offer for the former monopoly’s landline grid, two sources with knowledge of the matter said.

Talks between TIM, Italy’s biggest telecoms group, and CDP will continue on a non-exclusive basis, the people added.

CDP, fibre optic firm Open Fiber and infrastructure fund Macquarie had requested more time to negotiate a deal to buy TIM’s network assets, seeking to extend an initial deadline that ran out at the end of October for a binding agreement.

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