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KKR looking to hike stake in TIM's fixed-line venture - report

Monday 8 November 2021 | 09:13 CET | News
US investment fund KKR Infrastructure is considering a move to increase its stake in the Fibercop fixed-line venture of Telecom Italia (TIM), according to three unnamed sources cited by Reuters. The venture is 58 percent owned by TIM, 37.5 percent by KKR Infrastructure and 4.5 percent by Fastweb, with Tiscali also on board as a strategic partner. KKR is prepared to play a leading role in TIM's asset revamp, hiking its FiberCop stake and pushing for a merger with wholesale rival Open Fiber, said the sources, with one adding that KKR could even invest directly in TIM.

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