Italian Telecommunications Company TIM Group’s Headquarters

ROZZANO, ITALY - MARCH 16: Italian telecommunications company TIM Group’s logo and tower are pictured at the company's headquarters on March 16, 2023 in Rozzano, near Milan, Italy. TIM (former Telecom Italia) needs to sell assets to cut its debt and remain viable, but its board recently stated that both of the current offers for its NetCo fixed line and international unit by Italian state lender CDP (Cassa Depositi e Prestiti) and investment fund giant Macquarie undervalues the asset; TIM said it would seek a new round of proposals from CDP and Macquarie, as well as from rival suitor private equity firm KKR by April 18. (Photo by Emanuele Cremaschi/Getty Images)