© Reuters. FILE PHOTO: Buying and selling data for KKR & Co is displayed on a display screen on the ground of the New York Inventory Change (NYSE) in New York, U.S., August 23, 2018. REUTERS/Brendan McDermid/FILE PHOTO
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MILAN (Reuters) – KKR is urgent forward with preparatory actions for the buyout of Telecom Italia (BIT:)’s (TIM) mounted line community and dealing with different events in the direction of the summer season 2024 timeframe for finalising the deal, a spokesperson for the U.S. fund stated on Thursday.
Backed by the Italian authorities and value as much as 22 billion euros ($24 billion), the deal is opposed by TIM’s prime investor Vivendi (OTC:), which has questioned the sustainability of the remaining enterprise and is preventing the sale in courtroom.
($1 = 0.9186 euros)
(This story has been refiled to take away an additional phrase from the headline)