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Fastweb set to invest in TIM's last-mile network - report

Monday 6 July 2020 | 09:25 CET | News
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Italian operator Fastweb (Swisscom) has stepped up its interest in the last-mile network Telecom Italia is preparing to set up with US private equity fund KKR, according to two unnamed sources cited by Reuters. The proposed deal would see Fastweb transfer the 20 percent stake it retains in the Flash Fiber broadband joint venture with TIM into the new project, said the sources, adding that Fastweb will end up with a single digit percentage share in the TIM-KKR newco, dubbed 'FiberCop'.

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Categories: Fixed
Companies: Fastweb / Telecom Italia / TIM
Countries: Italy
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