0
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

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: Fastweb / Open Fiber / Telecom Italia / TIM / Tiscali
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

Italian govt seeking Vivendi support on single network plan - report

Published 26 Nov 2020 15:17 CET | Italy
The Italian government has approached Vivendi to seek the French company's support for its plan to create a national broadband ...

'Time probably right to exit Open Fiber' - Enel CEO

Published 25 Nov 2020 09:15 CET | Italy
The chief executive of utility giant Enel confirmed that it could be the right time for the 50 percent shareholder to exit ...

Italian govt pressing Enel over single network plan - report

Published 24 Nov 2020 09:39 CET | Italy
The Italian government has written to the board of utility giant Enel to urge it to resolve the possible sale of its stake in ...

TIM and Tiscali ink FiberCop co-investment contracts

Published 23 Nov 2020 08:58 CET | Italy
Telecom Italia (TIM) and Tiscali have announced the signing of executory contracts to co-invest in the FiberCop project following ...

TIM's FiberCop holds first board meeting under chairman Sarmi

Published 16 Nov 2020 08:55 CET | Italy
The new last-mile fibre and copper grid company set up by Telecom Italia (TIM) has held its first board meeting and confirmed ...

TIM connects 3,000 underserved localities to FTTC network in 8 months

Published 12 Nov 2020 14:12 CET | Italy
Telecom Italia (TIM) said it has activated fibre services in a total of 3,000 localities in underserved "white" areas in a ...

TIM ready to kickstart single network plan - CEO

Published 12 Nov 2020 09:42 CET | Italy
Telecom Italia (TIM) remains keen to kickstart a government-backed initiative to merge its fixed network assets with those of ...

Telecom Italia revenues down 5% in Q3, spins off data centre business

Published 11 Nov 2020 08:57 CET | Italy
Telecom Italia (TIM) reported an organic 5.0 percent year-on-year decline in revenues to EUR 3.90 billion in the third quarter of ...

Open Fiber proceeds with EUR 3.5 mln Carbonia FTTH rollout

Published 09 Nov 2020 10:58 CET | Italy
Open Fiber said it has installed its FTTH infrastructure in the first 2,000 residential units in the southern Sardinian town of ...

Open Fiber signs EUR 5 mln deal to bring FTTH to Bisceglie

Published 09 Nov 2020 09:09 CET | Italy
Italian wholesale operator Open Fiber has announced an agreement with Bisceglie town council in the Puglia region to bring FTTH ...

TIM to hike FTTC speed to 400Mbps with VDSL bonding

Published 03 Nov 2020 10:27 CET | Italy
Telecom Italia (TIM) is planning to double to the speed of its FTTC lines from 200Mbps to 400Mbps next year using VDSL bonding ...

TIM planning to spend up to EUR 4.5 bln on new fibre plan - report

Published 26 Oct 2020 12:28 CET | Italy
Telecom Italia (TIM) intends to spend EUR 4 billion to EUR 4.5 billion on a new plan to accelerate its fibre-optic broadband ...

TIM awards first FiberCop cable deals to 5 Italian vendors

Published 23 Oct 2020 08:52 CET | Italy
During the award process, the winning bidders verified that cable development, cutting, quality control and storage will be ...

Open Fiber extends Sicilian FTTH network to Montagnareale

Published 22 Oct 2020 10:02 CET | Italy
The Open Fiber wholesale-only venture of Italian utility giant Enel and state lender CDP has announced that the first commercial ...

Italian FTTH lines surpass FWA in Q2, DSL down to 41%

Published 21 Oct 2020 09:07 CET | Italy
The number of Italians connecting at fixed internet speeds of 30 Mbps rose to 62 percent of the broadband total at the end of the ...

Enel ready to accept Macquarie offer for Open Fiber stake - report

Published 20 Oct 2020 10:06 CET | Italy
The board of Italian utility giant Enel has assessed a binding bid from Australian infrastructure fund Macquarie for its 50 ...

Open Fiber completes EUR 675 mln funding extension

Published 15 Oct 2020 14:50 CET | Italy
Italian wholesale operator Open Fiber said it has completed a EUR 675 million extension to its existing credit line first ...

Open Fiber, AVM sign Fritz!Box router deal

Published 14 Oct 2020 15:46 CET | Italy
Italian wholesale operator Open Fiber has announced an agreement with German communications equipment maker AVM to provide the ...

Open Fiber to bring gigabit fibre service to Battipaglia in EUR 5 mln rollout

Published 13 Oct 2020 16:02 CET | Italy
Italian wholesale operator Open Fiber has announced an agreement with Battipaglia town council in the Salerno province to bring ...

Open Fiber to connect 171 Italian digital divide localities using FWA

Published 12 Oct 2020 11:00 CET | Italy
The Open Fiber wholesale-only venture of utility Enel and state lender CDP intends to use FWA (Fixed Wireless Access) technology ...

S&P downgrades Telecom Italia outlook to negative following network deals

Published 07 Oct 2020 09:39 CET | Italy
Ratings agency S&P has downgraded Telecom Italia's outlook to negative to reflect expectations of lower revenues and earnings as ...

Open Fiber bringing gigabit FTTH to Olbia in Sardinia

Published 06 Oct 2020 11:02 CET | Italy
Italian wholesale operator Open Fiber has announced plans to bring fibre-optic services to the coastal town of Olbia in ...

TIM connects 2,700 underserved localities to FTTC network since March

Published 05 Oct 2020 09:44 CET | Italy
Telecom Italia (TIM) announced the activation of its FTTC network in another 200 localities in underserved "white" areas in ...

Tiscali posts EUR 16 mln loss in H1, revenues up to EUR 72.5 mln

Published 30 Sep 2020 10:47 CET | Italy
Italian operator Tiscali reported revenues of EUR 72.5 million in the first half of 2020, up 3.3 percent on the year-earlier ...

Open Fiber to bring gigabit FTTH to Cava in EUR 5 mln rollout

Published 28 Sep 2020 14:45 CET | Italy
Italian wholesale operator Open Fiber has announced an agreement with Cava de Tirreni city council in the Salerno province to ...

Open Fiber, Colt ink Italian cooperation deal

Published 25 Sep 2020 10:30 CET | Italy
Italian wholesale operator Open Fiber has reached an agreement with Colt Technology Services to boost the connectivity of local ...

Vodafone, WindTre, Sky CEOs reiterate need for fully neutral single network operator

Published 22 Sep 2020 09:42 CET | Italy
The CEOs of Vodafone Italia, WindTre and Sky Italia have reiterated the need for a fully neutral and independent single fixed ...

Open Fiber announces EUR 4 mln Nuoro FTTH project

Published 18 Sep 2020 15:30 CET | Italy
Italian wholesale operator Open Fiber has announced an agreement with Nuoro city council in central Sardinia to bring FTTH ...

Macquarie offers EUR 2.65 bln for Enel's Open Fiber stake

Published 18 Sep 2020 09:16 CET | Italy
Italian utility giant Enel has confirmed the receipt of a binding bid from Australian infrastructure fund Macquarie for its 50 ...

Open Fiber to bring FTTH to Schio in EUR 5 mln rollout

Published 18 Sep 2020 08:56 CET | Italy
The Open Fiber wholesale-only venture of Italian utility giant Enel and state lender CDP has announced an agreement with Schio ...

EU unlikely to green light TIM-Open Fiber merger - report

Published 17 Sep 2020 10:35 CET | Italy
The European Union's competition officials are likely to oppose Italy's plan to create a single national high-speed broadband ...

Macquarie to table binding offer for Enel's Open Fiber stake - report

Published 16 Sep 2020 09:44 CET | Italy
Australian infrastructure fund Macquarie is set to make a binding offer to acquire all or part of Enel's 50 percent stake in ...

Open Fiber inks EUR 5 mln deal to bring FTTH to Monopoli

Published 14 Sep 2020 15:32 CET | Italy
The Open Fiber wholesale-only venture of Italian utility giant Enel and state lender CDP has announced an agreement with Monopoli ...

Italian single broadband network plan 'a giant step backward' - Read

Published 11 Sep 2020 11:34 CET | Italy
Vodafone group CEO Nick Read has described the Italian government's single network plan as a possible "return to a monopoly... ...

Italy's Rai interested in govt single network plan - report

Published 09 Sep 2020 09:33 CET | Italy
Italian state broadcaster Rai is the latest company to express an interest in joining the proposed government-sponsored plan to ...

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 ...

Weekly news summary: Italy works on national network, Vodafone sorts out India and Salt sues Liberty

Published 07 Sep 2020 14:02 CET | World
The creation of a national fibre operator in Italy is finally underway, while Liechtenstein is leading the world in broadband, ...

Open Fiber, Nokia ink new Italian FTTH contract

Published 07 Sep 2020 09:51 CET | Italy
Italian wholesale-only provider Open Fiber has signed a new contract with Nokia to accelerate its build of fibre-to-the-home ...

ECJ declares Italy freeze on Vivendi's Mediaset stake unlawful

Published 04 Sep 2020 11:38 CET | Italy
The EU court of justice has ruled that the Italian law requiring French media giant Vivendi to freeze its stake in broadcaster ...

TIM activates FTTC in 500 more Italian localities in August

Published 03 Sep 2020 14:09 CET | Italy
Telecom Italia (TIM) announced the activation of its FTTC network in another 500 localities in underserved "white" areas in ...

Open Fiber activates gigabit FTTH service in Cuneo

Published 02 Sep 2020 16:01 CET | Italy
Italian wholesale operator Open Fiber has teamed up with operators Vodafone Italia, WindTre, Tiscali, Fibra City, Media ...

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 ...

TIM connects 2,000 Italian municipalities to FTTC over 5-month period

Published 14 Aug 2020 13:35 CET | Italy
Telecom Italia announced that it has installed its FTTC network in over 2,000 municipalities located in white areas over a period ...

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 ...

Open Fiber gains extra EUR 675 mln funding from banks

Published 07 Aug 2020 16:53 CET | Italy
Italian wholesale operator Open Fiber announced a EUR 675 million extension to its existing credit line, raising the total from ...

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

Published 12 Mar 2020 09:15 CET | Italy
Telecom Italia (TIM) is preparing to set up a newco called 'FiberCop' for its fibre and copper last-mile network and sell 40 ...

Italian court upholds decision to green light TIM, Fastweb broadband JV

Published 04 Mar 2020 09:32 CET | Italy
The Regional Administrative Court of Lazio, the main Italian administrative court of first instance, has dismissed Open Fiber's ...





Calendar   /   Industry Events

26 Nov Telekom Malaysia Q3 2020
26 Nov Megafon Q3 2020
27 Nov Axiata Q3 2020
30 Nov Zoom Video Communications Q3 2020
30 Nov NexTV Series MENA
01 Dec Hewlett Packard Enterprise fiscal Q4
01 Dec 5G Italy
01 Dec NGON & DCI World
02 Dec FTTH Conference
02 Dec Microsoft AGM
02 Dec Telia EGM
03 Dec GCX fiscal Q2
03 Dec Marvell Technology fiscal Q3
03 Dec Liberty Latin America AGM
::: More Calendar Items