Italian state investor CDP has called a board meeting on Sunday which is expected to approve a long-delayed joint offer for the fixed network of former phone monopoly Telecom Italia , three sources close to the matter said.
Ceding control of the grid to cut a 25 billion euro debt pile and offload half of TIM's 40,000 domestic staff is a key plank of CEO Pietro Labriola's push to revive the group.
An offer from CDP and Macquarie leaves several scenarios open, two government officials said, without elaborating.
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