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Italian govt green lights TIM-KKR fixed network deal - report

Wednesday 26 August 2020 | 12:23 CET | News
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The Italian government has given the go-ahead for US private equity firm KKR to buy a minority stake in the last-mile fixed network of Telecom Italia (TIM), reports La Repubblica. TIM's board recently delayed a final decision on KKR's binding offer for a 37.5 percent stake in its fibre and copper network unit FiberCop until 31 August after the government requested time to negotiate a merger of the operator's last-mile assets with those of Open Fiber to create a national high-speed broadband network.

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Categories: Fixed
Companies: Open Fiber / Telecom Italia / TIM
Countries: Italy
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