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TIM receives EU green light for FiberCop transaction

Friday 27 November 2020 | 08:54 CET | News
The European Commission has confirmed that the decision by Telecom Italia (TIM) to spin off its last-mile fibre and copper grid company and sell a minority stake to KKR Infrastructure does not pose a concentration risk. TIM currently holds 58 percent of the company, dubbed FiberCop, while KKR Infrastructure has acquired 37.5 percent and Fastweb retains 4.5 percent thanks to its holding in the Flash Fiber joint venture. "The European Commission decided that the operation ... cannot be considered a concentration under EU legislation and therefore does not need to be notified under the European

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