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Italy Will Study KKR’s Offer For Telecom Italia, Giorgetti Says

A Telecom Italia SpA store in Rome.

A Telecom Italia SpA store in Rome.

Photographer: Alessia Pierdomenico/Bloomberg

Italy will “study the details” of KKR & Co’s offer for Telecom Italia SpA, Economy and Finance Minister Giancarlo Giorgetti said.

The government, which is stakeholer of the belaguered phone carrier, will “evaluate the offer when it has full information on it” Giorgetti said Friday in Rome, according to Ansa newswire. The minister reiterated that the government’s goal is public control of the network.