Telecom Italia GM to outline plans as doubts on KKR's bid mount

FILE PHOTO: Telecom Italia (TIM) General Manager Pietro Labriola poses for a portrait at the company's headquarters in Rome, Italy, January 17, 2022. REUTERS/Guglielmo Mangiapane

MILAN (Reuters) - Telecom Italia (TIM) General Manager Pietro Labriola will on Tuesday outline to the company's directors his plan to revamp the former phone monopoly, an alternative strategy to weigh against a takeover approach by U.S. fund KKR.

TIM, which on Friday is expected to appoint Labriola nL8N2TR2DC chief executive, is yet to respond to KKR's non-binding 10.8 billion euro ($12.28 billion) proposal which is contingent on support from TIM's board and Italy's government.