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EXCLUSIVE-Italy authorises Abu Dhabi fund to invest in TIM's grid - sources

Dec 14, 2020 - Nasdaq

By and Elvira Pollina

ROME, Dec 14 (Reuters) - The Italian government has given Abu Dhabi's biggest sovereign fund a conditional green light to invest in Telecom Italia's (TIM) TLIT.MI last-mile network, three sources close to the matter told Reuters on Monday.

The planned sale would give Abu Dhabi an indirect 10.3% stake in TIM's last-mile grid in a deal worth about 500 million euros ($608 million), a fourth source said.

The Italian government has the power to block unwanted ...