0
Broadband

Telecom Italia preparing to set up fixed line network newco with KKR - CEO

Thursday 12 March 2020 | 09:15 CET | News
Telecom Italia (TIM) is preparing to set up a newco called 'FiberCop' for its fibre and copper last-mile network and sell 40 percent of it to private equity firm KKR, according to CEO Luigi Gubitosi. Speaking after the publication of TIM's full-year results, Gubitosi said the company expects to make decisive progress this year on plans to provide Italy with a nationwide ultra-fast broadband network and confirmed that separate discussions are underway with KKR and wholesale rival Open Fiber, leaving the door open to a "possible convergence" at the end of the process.

Thank you for visiting Telecompaper

Sign up below to get access to the rest of this article and all the telecom news you need.

  • Register free and gain access to even more articles from Telecompaper. Register here
  • Subscribe and get unlimited access to Telecompaper’s full coverage, with a customised choice of news, commentary, research and alerts.

Subscriptions

Already registered?



Free Headlines in your E-mail

Every day we send out a free e-mail with the most important headlines of the last 24 hours.

Subscribe now

Categories: Fixed
Companies: Open Fiber / Telecom Italia / TIM
Countries: Italy
::: add a comment
This article is part of dossier

Fibre


Add comment

We welcome comments that add value to the discussion. We attempt to block comments that use offensive language or appear to be spam, and our editors frequently review the comments to ensure they are appropriate. If you see a comment that you believe is inappropriate to the discussion, you can bring it to our attention by using the report abuse links. As the comments are written and submitted by visitors of the Telecompaper website, they in no way represent the opinion of Telecompaper.


Related

Tiscali sees annual EUR 12 mln EBITDA boost from FiberCop deal

Published 08 Sep 2020 09:55 CET | Italy
Italian operator Tiscali said it expects its commercial participation in TIM's FiberCop co-investment project to result in an ...

TIM approves sale of FiberCop stake to KKR and govt single network plan

Published 01 Sep 2020 08:56 CET | Italy
Telecom Italia (TIM) announced that its directors approved the sale of a minority stake in its last-mile fixed network to US ...

Vodafone, WindTre, Sky call on govt to guarantee independence of single broadband network

Published 31 Aug 2020 08:52 CET | Italy
The CEOs of Vodafone Italia, WindTre and Sky Italia have called on the Italian government to ensure the independence of a future ...

TIM and Tiscali sign FiberCop co-investment MoU

Published 27 Aug 2020 13:58 CET | Italy
Telecom Italia (TIM) and Tiscali have reached a Memorandum of Understanding to define the terms of a strategic partnership that ...

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

Published 26 Aug 2020 12:23 CET | Italy
The Italian government has given the go-ahead for US private equity firm KKR to buy a minority stake in the last-mile fixed ...

Italy's economy ministry backs independent broadband network - report

Published 24 Aug 2020 10:08 CET | Italy
Italy's economy ministry has joined the country's industry ministry and backed a high-speed broadband network independent of ...

Grillo calls for single fixed-mobile infrastructure company, criticises TIM-KKR fibre deal

Published 14 Aug 2020 08:52 CET | Italy
Beppe Grillo, co-founder of Italy's Five Star political movement, elaborated on his previous remarks about the need for a single ...

Fastweb CEO praises FiberCop model, acknowledges govt intervention

Published 10 Aug 2020 10:38 CET | Italy
The chief executive of Italy's Fastweb, Alberto Calcagno, said that co-investment in network infrastructure is a winning model in ...

Telecom Italia delays final decision on network sale to end-August, says 'favourable' to KKR offer

Published 05 Aug 2020 08:52 CET | Italy
Telecom Italia (TIM) said it supports an offer from KKR Infrastructure to buy a 37.5 percent stake in the new network company ...

TIM board to discuss KKR bid for stake in last-mile network

Published 31 Jul 2020 12:04 CET | Italy
Telecom Italia (TIM) has confirmed the receipt of a binding offer from US private equity fund KKR for a minority stake in its ...

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

Published 30 Jul 2020 10:39 CET | Italy
US private equity fund KKR has tabled a binding offer to acquire a minority stake in Telecom Italia's landline (copper and fibre) ...

Italian govt pushing for single broadband network independent of TIM - report

Published 28 Jul 2020 09:59 CET | Italy
The Italian government is considering a plan to set up a single high-speed fixed broadband network that would initially be ...

Telecom Italia urging state lender to invest in last-mile network - report

Published 10 Jul 2020 09:33 CET | Italy
Telecom Italia (TIM) has suggested that state lender CDP could invest in the last-mile network it's preparing to set up with US ...

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

Published 06 Jul 2020 09:25 CET | Italy
Italian operator Fastweb (Swisscom) has stepped up its interest in the last-mile network Telecom Italia is preparing to set up ...

Telecom Italia switches on FTTC service in 54 Trento localities

Published 22 Jun 2020 08:52 CET | Italy
Telecom Italia (TIM) has announced the activation of fibre-to-the-curb (FTTC) services in some 54 digital divide localities in ...

Macquarie makes offer for Enel's Open Fiber stake

Published 17 Jun 2020 09:56 CET | Italy
Australian infrastructure fund Macquarie has tabled an offer to acquire Enel's 50 percent stake in Italian wholesale-only ...

Telecom Italia revenues down 8% in Q1, confirms FY core profit forecast

Published 19 May 2020 08:58 CET | Italy
Telecom Italia (TIM) confirmed its full-year core profit guidance in spite of an 8.4 percent year-on-year decline in ...

Italian industry minister backs TIM-Open Fiber tie up

Published 28 Apr 2020 16:00 CET | Italy
Italy's industry minister has given his strong support to the project to merge the fibre assets of Telecom Italia (TIM) and ...

TIM shareholders confirm Rossi as chairman, approve 2019 earnings

Published 24 Apr 2020 08:57 CET | Italy
Telecom Italia (TIM) shareholders have voted almost unanimously to confirm former Bank of Italy senior deputy governor Salvatore ...

TIM brands Open Fiber wholesale model a 'failure'

Published 22 Apr 2020 09:29 CET | Italy
Telecom Italia (TIM) has described the business model of Open Fiber a "failure" during a meeting with investors, prompting a ...

Telecom Italia confirms activation of 200Mbps FTTC service in over 700 localities

Published 07 Apr 2020 15:35 CET | Italy
Telecom Italia (TIM) has confirmed the activation of fibre-to-the-curb (FTTC) services in well over 700 localities all over the ...

Open Fiber to sue Telecom Italia following antitrust ruling - CEO

Published 07 Apr 2020 12:07 CET | Italy
The Open Fiber venture of Italian utility giant Enel and state lender CDP will take legal action against Telecom Italia (TIM) ...

Open Fiber activates 1Gbps FTTH service in Arezzo

Published 07 Apr 2020 08:48 CET | Italy
Italian wholesale operator Open Fiber has teamed up with operators Wind Tre, Tiscali and Sorgenia to launch fibre-optic services ...

Open Fiber resumes FTTH rollout in Vo

Published 06 Apr 2020 10:15 CET | Italy
The Open Fiber wholesale-only venture of Italian utility giant Enel and state lender CDP has announced the resumption of its FTTH ...

Open Fiber confirms EUR 60 discount on FTTH activations until 20 April

Published 27 Mar 2020 09:09 CET | Italy
The Open Fiber wholesale-only venture of Italian utility giant Enel and state lender CDP is offering a EUR 60 discount on its ...

Open Fiber extends Catanzaro FTTH network

Published 26 Mar 2020 11:15 CET | Italy
The Open Fiber wholesale-only venture of Italian utility giant Enel and state lender CDP has announced that the first commercial ...

Open Fiber expands gigabit FTTH network to Florence localities

Published 19 Mar 2020 15:51 CET | Italy
The Open Fiber wholesale-only venture of Italian utility giant Enel and state lender CDP has announced that the first commercial ...

Open Fiber launches EUR 5 mln Corato FTTH rollout

Published 17 Mar 2020 14:44 CET | Italy
Italian wholesale operator Open Fiber announced that work has begun to bring FTTH services at speeds of up to 1Gbps to the town ...

Nieuwsoverzicht week 11: corona verslaat het reguliere nieuws, koersen dalen tientallen procenten

Published 16 Mar 2020 09:39 CET | Netherlands | Update: 16 Mar 2020 10:44 CET
Het coronavirus duwde alle bedrijfsnieuws in week 11 naar de achtergrond. Beurskoersen daalden met tientallen procenten en ...

Open Fiber activates gigabit FTTH network in Civitavecchia

Published 16 Mar 2020 08:46 CET | Italy
The Open Fiber wholesale-only venture of Italian utility giant Enel and state lender CDP has announced that the first commercial ...

Open Fiber activates 1Gbps FTTH service in Potenza

Published 13 Mar 2020 08:51 CET | Italy
Italian wholesale operator Open Fiber has teamed up with operators Vodafone Italia, Wind Tre, Tiscali, Fibra City, Sorgenia and ...

Telecom Italia revenues down 6.6% in Q4, posts FY net profit and launches 2020-22 business plan

Published 11 Mar 2020 09:52 CET | Italy
Telecom Italia (TIM) reported a 6.6 percent year-on-year decline in revenues to EUR 4.0 billion in the fourth quarter, with ...

TIM fined EUR 116 mln for abusing dominant position in fibre rollout

Published 09 Mar 2020 09:50 CET | Italy
Italian antitrust watchdog AGCM has fined Telecom Italia (TIM) a total of EUR 116 million for abusing its dominant position in ...

Telecom Italia agrees to take on KKR as partner to roll out national fibre network

Published 28 Feb 2020 09:13 CET | Italy
Telecom Italia (TIM) has selected US private equity firm KKR as an "exclusive partner" to help it roll out fibre-optic networks ...

Rapid solution needed to Open Fiber network project - TIM chairman

Published 26 Feb 2020 13:58 CET | Italy
Telecom Italia (TIM) has to quickly find a solution to achieve the goal of merging its fibre-optic assets with those of wholesale ...

Sky Italia to launch fixed broadband offer 'by mid-2020' - CEO

Published 14 Feb 2020 11:50 CET | Italy
Satellite broadcaster Sky Italia will finally be launching its fixed broadband offer "within the first 6 months of 2020", ...

TIM ready to accept KKR's funding to acquire Open Fiber - report

Published 13 Feb 2020 09:15 CET | Italy
Telecom Italia (TIM) is close to accepting help from private equity firm KKR to enable it to acquire wholesale fibre operator ...

Open Fiber talks continuing but 'there's always a plan B' - TIM CEO

Published 23 Jan 2020 10:04 CET | Italy
Talks between Telecom Italia (TIM) and Open Fiber to merge their fibre-optic assets into a single nationwide operator remain ...

TIM to include its fibre assets in fixed broadband bid - report

Published 18 Nov 2019 10:01 CET | Italy
Telecom Italia (TIM) is set to ask infrastructure funds to bid on a fixed broadband tie-up with wholesale provider Open Fiber ...

Open Fiber on target to reach 7.9 million connected homes in Italy this year

Published 31 Oct 2019 09:10 CET | Italy
The Open Fiber wholesale-only venture of Italian utility Enel and state lender CDP is on target to reach the figure of 7.9 ...

TIM-Open Fiber merger 'not super urgent' - Enel CEO

Published 09 Sep 2019 14:24 CET | Italy
The proposed fixed broadband tie-up between Telecom Italia (TIM) and wholesale provider Open Fiber is not a top priority for the ...