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Telecom Italia tells KKR to improve bid for its network grid

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© Reuters. FILE PHOTO: Telecom Italia’s logo is seen at the headquarters in Rozzano neighbourhood of Milan, Italy, May 25, 2016. REUTERS/Stefano Rellandini

MILAN (Reuters) – Telecom Italia (BIT:) (TIM) said on Friday that an offer for its network grid from U.S. fund KKR “does not wholly reflect the value of the asset” but left the door open for further negotiations.

After a board meeting, TIM said its objective was to facilitate an improved offer by the end of March.

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