PE giant KKR asks Telecom Italia to extend deadline for grid bid

PE giant KKR asks Telecom Italia to extend deadline for grid bid

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

US fund KKR has asked Telecom Italia (TIM) to push back a Sept. 30 deadline to submit a multi-billion euro binding offer for the phone group’s landline network until Oct.15, TIM said on Friday.