MILAN, April 16 (Reuters) - Tiscali (TIS.MI) set a first deadline of May 5 for non-binding offers for the Italian broadband operator, a source close to the situation said on Wednesday.
The company has been groomed for a sale and hired financial advisers last month to help it find a buyer.
Press reports have indicated at least seven companies are potential buyers.
(Reporting by Mathias Wildt)
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