- Reuters
KKR wins EU nod for $24 billion Telecom Italia fixed-line network deal
BRUSSELS/MILAN (Reuters) -U.S. investment firm KKR secured unconditional EU antitrust approval on Thursday for its up to 22-billion-euro ($24 billion) acquisition of Telecom Italia's (TIM) fixed-line network. The European Commission's announcement confirmed a Reuters' story last week. "The Commission investigated the impact of the transaction on the market for wholesale broadband access services in Italy and concluded that it would not significantly reduce the level of competition," the EU executive, which also acts as the EU antitrust watchdog, said in a statement.
- Reuters
Exclusive-KKR set for unconditional EU antitrust okay for Telecom Italia deal, sources say
BRUSSELS/MILAN (Reuters) -U.S. investment firm KKR is expected to get unconditional EU antitrust approval to buy Telecom Italia's (TIM) fixed-line network after agreeing to keep commercial agreements with TIM rivals, people with direct knowledge of the matter said. KKR did not offer remedies on Thursday, the deadline for doing so, according to an update on the European Commission's website on Friday. KKR declined to comment.
- 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.
