Sunday, 03 July 2022

TIM reported to be seeking $3.3bn state-backed loan

by Rowan Thomson, Total Telecom
Thursday 21 April 22

The Italian operator is currently mulling a major reorganisation under new CEO Pietro Labriola to revitalise its finances

In reports first published by Bloomberg News, TIM is in talks to receive a guarantee on a new line of credit from Italy’s trade insurer as it seeks to improve its balance sheet following a record loss in the most recent financial quarter. The incumbent is in negotiations with a pool of banks, including UniCredit, BNP Paribas, Credit Agricole…

In reports first published by Bloomberg News, TIM is in talks to receive a guarantee on a new line of credit from Italy’s trade insurer as it seeks to improve its balance sheet following a record loss in the most recent financial quarter. The incumbent is in negotiations with a pool of banks, including UniCredit, BNP Paribas, Credit Agricole…

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