- Reuters
KKR remedies on Telecom Italia deal expected next week, source says
U.S. investment firm KKR will likely offer remedies next week in an attempt to secure EU antitrust approval to buy Telecom Italia's (TIM) fixed-line access network, a person familiar with the matter said on Wednesday. KKR wants to acquire TIM's domestic network for up to 22 billion euros ($23.87 billion), making the Italian telecoms group the first in a major European country to divest its landline grid. The European Commission is now examining the deal, with a decision due by May 30.
- Reuters
REFILE-KKR remedies on Telecom Italia deal expected next week, source says
U.S. investment firm KKR will likely offer remedies next week in an attempt to secure EU antitrust approval to buy Telecom Italia's (TIM) fixed-line access network, a person familiar with the matter said on Wednesday. KKR wants to acquire TIM's domestic network for up to 22 billion euros ($23.87 billion), making the Italian telecoms group the first in a major European country to divest its landline grid. The European Commission is now examining the deal, with a decision due by May 30.
- Reuters
TIM CEO sees potential benefits of almost 5 bln euros from new business plan - paper
The CEO of Telecom Italia (TIM) said in an interview on Thursday he sees potential additional benefits of almost 5 billion euros ($5.37 billion) from a new business plan, adding they could in part be used for dividends and actions to accelerate growth. Speaking to Italian daily Il Messaggero, Pietro Labriola also said there were several possible outcomes for ongoing talks for the sale of TIM's Sparkle unit, which could be concluded shortly. Labriola said he believes there is no reason to believe that Telecom Italia's plan to sell its fixed network grid to U.S. fund KKR - the centerpiece of his business strategy - will not be closed in the foreseen timeframe.
