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Telecom Italia’s board of directors will meet next month to examine a binding offer for its fixed-network business and a nonbinding bid for its stake in Sparkle submarine-cable unit made by private-equity group KKR.
The Italian telecommunications said Sunday that its board will meet on Nov. 3 to evaluate the bids, hold an informal meeting the following day to continue discussions with management and advisors and meet again formally on Nov. 5 to deliberate.
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