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

Keywords :   


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

2020-07-31 12:04:00| Telecompaper Headlines

(Telecompaper) Telecom Italia (TIM) has confirmed the receipt of a binding offer from US private equity fund KKR for a minority stake in its landline (copper and fibre) network. In a brief statement, TIM said its board will discuss the bid in its 04 August meeting and subsequently provide details of the potential transaction. KKR has been in exclusive talks with 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: board network discuss bid

Category:Telecommunications

Latest from this category

All news
16.12Microsofts Agentic AI Direction for Enterprise Operations
Telecommunications »
29.12Pothole claims up 90% in three years, says RAC
29.12Decline in adoption rates at Devon animal rescue
29.12James Bond game 007 First Light delayed to May 2026
29.12HS2 goal to be running by 2033 'cannot be met'
29.12Earliest coin minted in Scotland saved for the nation after 900 years
29.12Why are young people leaving to work abroad?
29.12Many new UK drone users must take theory test before flying outside
28.12Late shopper rush drives Boxing Day sales traffic
More »