Nov 25 (Reuters) - KKR & Co and CVC Capital Partners
are considering teaming up on a bid for Italy-based Telecom
Italia SpA, Bloomberg News reported https://bloom.bg/3cNCTED
on Thursday, citing people with knowledge of the matter.
The two private-equity firms have held exploratory talks
about the potential for a joint offer, the report added, quoting
people asking not to be identified as the talks are private.
CVC Capital, KKR and Telecom Italia did not immediately
respond to a Reuters request for comment.
CVC has been studying a possible acquisition of Telecom
Italia for several months, the people were quoted as saying in
the Bloomberg News report, adding that the private-equity firms
are still discussing the merits of teaming up for the joint
KKR has made a 10.8 billion euro ($12 billion) offer in the
midst of a boardroom row between Telecom Italia CEO Luigi
Gubitosi and the former Italian telecoms monopoly's top investor
Vivendi, Reuters reported on Thursday.
Gubitosi told the board that he is ready to step aside to
speed up a decision on the KKR offer, according to sources.
(Reporting by Anirudh Saligrama in Bengaluru
Editing by Nick Zieminski)