On March 9, 2023, Vivendi SE announced that Telecom Italia (TIM) has received two bids for the fixed network assets which have been too low and stated that the Company has already turned down the offer from Kohlberg Kravis Roberts & Co. L.P.(KKR), while a rival bid was recently submitted by a consortium involving Cassa Depositi e Prestiti (CDP) and Macquarie Infrastructure. Vivendi CEO Arnaud de Puyfontaine commented that the offers made are far below the real value and mentioned that the exact value of the bids has not been disclosed, but both thought to value the Company?s fixed network business NetCo at around EUR18 billion (USD19 billion).Vivendi added that it has deconsolidated the Company from its accounts, which will allow it to play a more active role as a shareholder and stated that it has total freedom to defend the fair valuation of the stake that it have in the Company which has a very important potential in terms of value.