MILANO, Feb 23 (Reuters) - Italy's former monopoly Telecom Italia (TIM) is considering a balance sheet clean-up as 2021 results will be worst then expected, La Repubblica said on Wednesday.
The Italian daily said Tim is set to book new one-off provisions and asset impairments in 2021 results and will also scrap dividends on ordinary shares.
La Repubblica added the phone company was in advanced talks with investment firm Ardian to sell its stake in mobile tower group INWIT.
Telecom Italia declined to comment on La Repubblica report.
Ardian in Italy was not immediately available for comment. (Reporting by Andrea Mandalà, editing by Maria Pia Quaglia)
Vodafone (VOD)
