TeleGeography Logo

CVC denies improved bid for stake in TIM’s enterprise services unit

14 Jul 2022

Investment firm CVC Capital Partners has denied making an improved bid to acquire a stake in the enterprise services division of Telecom Italia (TIM). CVC submitted a proposal in March to buy 49% of the business, valuing the entire unit at EUR6 billion (USD6 billion). The firm is refuting local press reports that it has increased its valuation to around EUR7 billion, saying: ‘The only proposal made to TIM’s board was dated 25 March 2022, as announced by TIM on 28 March.’

Italy, Telecom Italia (TIM)

GlobalComms Database

Want more? Peruse the GlobalComms Database—the most complete source of intel about mobile, fixed broadband, and fixed voice markets.

TeleGeography

TeleGeography is the definitive source for telecom news, numbers, and analysis. Explore the full research catalog.