Macquarie board meets to discuss TIM deal

Australian investment firm Macquarie is still working on its side of a deal to acquire a stake in the last-mile infrastructure business of Telecom Italia (TIM). A report from Bloomberg, which cites ‘people familiar with the matter’, says that directors at Macquarie met this week to review a buyout proposal drawn up by Italian State lender Cassa Depositi e Prestiti (CDP). CDP and Macquarie own Italian wholesale network operator Open Fiber, which would be merged with TIM’s fixed network assets if the deal goes ahead.