Telecom Italia approves KKR’s $20 billion grid bid in blow for Vivendi

Reuters exclusively reported that Telecom Italia (TIM) (TLIT.MI) on Sunday approved the 19-billion-euro ($20 billion) sale of its fixed-line network to U.S. private equity firm KKR (KKR.N), becoming the first telecoms group in a major European country to part ways with its landline grid.