TIM clears first hurdle in securing state guarantees for $3.1 billion loan – sources

　　div classBodysc17zpet90 cdBBJodivpROME Reuters – Italian credit export agency SACE has approved state guarantees for a bank credit line worth up to 3 billion euros 3.1 billion for Telecom Italia TLIT, two sources close to the matter told Reuters on Monday.p

　　SACEs board cleared the state guarantees on May 10, without making its decision public, the sources said.pdivdivdiv classBodysc17zpet90 cdBBJodiv

　　It is now up to Italys economy ministry to follow up on SACEs preliminary green light, signing off on a decree authorising the commitment. 1 0.9590 eurosp

　　Reporting by Giuseppe Fonte and Valentina Zap

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