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Broadband

KKR offers EUR 1.8 bln for stake in TIM's last-mile network - report

Thursday 30 July 2020 | 10:39 CET | News
US private equity fund KKR has tabled a binding offer to acquire a minority stake in Telecom Italia's landline (copper and fibre) network, according to two unnamed sources cited by Reuters. KKR has been in exclusive talks with Telecom Italia (TIM) since February and has reportedly offered EUR 1.8 billion for a 38 percent stake in the FiberCop newco set up by the former incumbent for its last-mile network.

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