MADRID, 6 Mar. (EUROPA PRESS) -

The Italian public bank Cassa Depositi e Prestiti (CDP), similar to the Spanish ICO, has launched, together with the Australian investment firm, a takeover bid for the assets of the fixed network of Telecom Italia, as well as its participation in the business of submarine cable, known as Sparkle, as confirmed by the parties this Sunday.

In this way, the "non-binding" proposal presented competes for the same assets, which will be grouped into a new company, for which KKR also launched a takeover offer a month ago.

Both offers value Telecom Italia's network at a range of 18 to 20 billion euros, including debt, people familiar with the matter told Bloomberg, although Telecom Italia's largest shareholder, France's Vivendi, would have valued it at around 30,000. million euros the business.

The board of directors of Cassa Depositi e Prestiti, meeting this Sunday, decided to give the green light to the presentation of a non-binding offer by CDP Equity, together with Macquarie Asset Management, for the purchase of NetCo, the new TIM company that it will include the infrastructure network and investment in Sparkle.

For its part, the Italian teleco confirmed in a statement the receipt of the proposal from CDP and Macquarie for the purchase of 100% of the company.

"The offer, which expires on March 31, 2023, will be subject to preliminary examination by the Related Parties Committee," said Telecom Italia, adding that, subsequently, it will be brought to the attention of the board of directors as far as possible at the meeting already scheduled for the next March 15 or on another date to be defined.