Bloomberg: Advisers for Telecom Italia SpA see the troubled phone carrier reaching a total valuation of as much as 27.8 billion euros ($30.6 billion), if its asset separation plan achieves its goal of creating a single fixed-line network in Italy, people familiar with the matter said.
Under this scenario, the Italian carrier would be worth more than twice as much as private-equity firm KKR & Co. offered for the firm in November and over four times its current market value of 5.8 billion euros.
A new strategy announced by Chief Executive Officer Pietro Labriola earlier this month could push the ex-monopolist’s value to 1.3 euros per share if its landline assets are fully separated and then merged with smaller, state-backed Open Fiber SpA, said the people, asking not to be named discussing private deliberations.
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