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

2020-07-30 10:39:00| Telecompaper Headlines

(Telecompaper) 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.

Tags: report network offers eur

Category:Telecommunications

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