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Italy government monitoring 'carefully' KKR offer for TIM network

Reuters
Updated

ROME, Feb 2 (Reuters) - Italy's government is monitoring "carefully" the offer submitted by U.S. fund KKR for the fixed-line network of Telecom Italia (TIM), the industry ministry said on Thursday.

"The government sees the safeguarding of employment levels and the security of a strategic infrastructure such as the national telecommunications network as key issues", the ministry said in a statement.

Italy will assess any developments concerning Italy's biggest phone group on these premises, it added. (Writing by Gianluca Semeraro, editing by Alvise Armellini)