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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
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
Coty Finalizes Deal with KKR
2020-06-01 14:01:50| Happi Breaking News
Peter Harf assumes the additional role of CEO.
KKR, Cinven, Providence looking to jointly take over Masmovil - report
2020-06-01 09:14:00| Telecompaper Headlines
(Telecompaper) A consortium of three buyout funds are preparing a joint bid for Spanish telecommunications provider Masmovil, the country's fourth largest network operator, according to unnamed sources cited by El Confidencial. KKR, Cinven and existing shareholder Providence are finalising a takeover proposal that values the company's shares at around EUR 23, some 25 percent more than their current price and equivalent to an overall business value of just over EUR 3 billion, said the report, adding that the takeover bid is mainly aimed at minority investors, which account for around 60 percent of the capital.
Tags: report
jointly
providence
kkr
KKR to invest USD 1 bln in European venture for hyperscale data centres
2020-05-27 10:24:00| Telecompaper Headlines
(Telecompaper) The investment firm KKR has partnered with entrepreneur Franek Sodzawiczny to launch a data centre company in Europe. The new venture Global Technical Realty (GTR) will provide build-to-suit data centres for large technology companies in Europe.
Tags: data
european
usd
invest