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TIM expected to sell enterprise services stake soon

12 Sep 2022

Telecom Italia (TIM) is close to beginning the sale of a minority stake in its enterprise services unit. Unnamed sources cited by Reuters say the telco is planning a beauty contest to find investors for TIM Enterprise, which serves corporate and public sector customers, plus cloud, IoT and cybersecurity operations.

In March investment firm CVC Capital Partners made a non-binding expression of interest for a stake of up to 49% in the unit. The approach valued the entire business at EUR6 billion (USD5.98 billion), including debt, though this was thought to be deemed to be too low by TIM.

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