Italy govt gives conditional OK to sale of stake in TIM's last-mile grid to KKR: sources

  • 11/14/2020
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ROME/MILAN (Reuters) - The Italian government has given conditional clearance to the sale of a minority stake in Telecom Italia"s (TIM) TLIT.MI last-mile network to U.S. investment fund KKR, three sources said on Friday. The green light is conditional on KKR committing itself to a government-sponsored plan to create a unified fast broadband network, the sources said. In August TIM agreed to sell to U.S. investment fund KKR a 37.5% stake of a newly created company, dubbed FiberCop, into which it is transferring its ‘last mile’ network connecting street cabinets to people’s homes. TIM and KKR declined to comment.

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