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Broadband

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

Tuesday 1 September 2020 | 08:56 CET | News
Telecom Italia (TIM) announced that its directors approved the sale of a minority stake in its last-mile fixed network to US investment fund KKR Infrastructure during a board meeting in which they also backed a government plan to set up a single high-speed broadband network company with rival Open Fiber. The agreement with KKR will see the US firm take a 37.5 percent stake in TIM's last-mile fibre and copper grid company FiberCop for EUR 1.8 billion, on the basis of an enterprise value of EUR 7.7 billion and an equity value of EUR 4.7 billion. That deal is expected to be the launching pad for

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