By Elvira Pollina MILAN (Reuters) -Shares in Telecom Italia (TIM) hit record lows on Monday as the head of Italy’s biggest phone group met investors to try to persuade them of the merits of his plans to revive the former phone monopoly. The TIM roadshow comes ahead of a decision expected shortly on a 10.8 billion euro ($11.7 billion) takeover proposal made by U.S. fund KKR in November. A board meeting to draw up a response to the KKR proposal could be held next weekend once TIM’s advisers complete their analysis to compare TIM’s planned in-house revamp with KKR’s plan, said two sources close t…