Telecom Italia picking funds for fiber network deal as debt falls

MILAN (Reuters) - 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, meeting its full-year target three months ahead of time.The company confirmed its three-year guidance and said its..