Europe

KKR wins EU approval for Telecom Italia deal 


Deals

Reuters exclusively reported that U.S. investment firm KKR was set to secure unconditional EU antitrust approval for its up to 22-billion-euro ($24 billion) acquisition of Telecom Italia’s (TIM) fixed-line network. The story was later confirmed by the European Commission. The deal is significant as it marks the first time that a former phone monopoly in a major European country is divesting its landline grid. 

Market Impact

The deal is significant as it marks the first time that a former phone monopoly in a major European country is divesting its landline grid.

Article Tags

Topics of Interest: Deals

Type: Reuters Best

Sectors: Telecommunications

Regions: Europe

Win Types: Exclusivity

Story Types: Exclusive / Scoop

Media Types: Text

Customer Impact: Important Regional Story



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