MILAN (Reuters) - Private equity funds CVC and Advent said on Sunday they were open to discussing with all stakeholders in Telecom Italia (MI:TLIT) (TIM) ways to strengthen the phone group, as its board meets to discuss a takeover proposal.
A meeting of TIM's board is ongoing to discuss the takeover proposal by U.S. fund KKR.
CVC and Advent "are open to dialogue with all shareholders to identify a transparent solution" to strengthen TIM, a spokesperson for the two funds said, adding that they had had no contact with French media group and top TIM investor Vivendi (PA:VIV).