UPDATE 1-Telecom Italia picking funds for fiber network deal as debt falls
November 07, 2019 at 16:26 PM EST
Telecom Italia (TIM) said on Thursday it has made progress in cutting its debt burden as it presses ahead with plans to find an investment partner to help it fund a potential tie-up with smaller rival Open Fiber. In a statement on nine-month results the former phone monopolist said it had cut its debt by almost one billion euros from end-2018 to 24.3 billion euros ($26.85 billion), meeting its full-year target three m