Deals
Telecom Italia Said to Hire Morgan Stanley for Grid Spinoff
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Telecom Italia SpA hired Morgan Stanley for advice on spinning off its fixed-line network as the former phone monopoly seeks to raise capital, according to people familiar with the situation.
The investment bank has been told to lead talks with state lender Cassa Depositi e Prestiti SpA, which may take a stake in the network, one person said. Discussions are at an early stage, said another one of the people, who asked not to be identified discussing a private matter.