Telecom Italia has prepared a draft term sheet for an investment into its fixed line assets by Cassa Depositi e Prestiti (CDP), the state owned bank, according to reports.
While one of the reports said that a term sheet was being prepared, a later…
Telecom Italia has prepared a draft term sheet for an investment into its fixed line assets by Cassa Depositi e Prestiti (CDP), the state owned bank, according to reports.
While one of the reports said that a term sheet was being prepared, a later article by Reuters claimed the document was sent to CDP yesterday.
This report referred to a person with direct knowledge of the situation.
Earlier, Italian paper Il Messagero was reported to claim that the term sheet was in the making, and that CDP could take up to 20%, while between 30% and 40% could be floated.
The next Telecom Italia board meeting is set to take place on 8 May.
