Reported 5 months ago
KKR is anticipated to receive unconditional approval from the EU antitrust regulators for its 22-billion-euro deal to acquire Telecom Italia's fixed-line network, as they agreed to maintain commercial agreements with TIM's competitors. This deal marks a significant move in the European telecom sector, with TIM being the first major operator in a European country to divest its landline grid, potentially setting a precedent for others. The negotiations between KKR, Telecom Italia, and its rivals aim to preserve existing contracts post the creation of FiberCop, without the need for KKR to offer additional remedies.
Source: YAHOO