TIM signs MoU to merge fibre network with Open Fiber
Italian telco TIM and Open Fiber – as well as investors CDP, Macquarie and KKR – have signed a document designed to bring the two fibre networks under one roof.
Italian telco TIM and Open Fiber – as well as investors CDP, Macquarie and KKR – have signed a document designed to bring the two fibre networks under one roof.
German operator Deutsche Telekom is apparently reviewing bids for its tower business from multiple suitors including Vodafone’s Vantage Towers, KKR, GIP, Cellnex and America Tower Corp.
TIM has instructed its chairman and chief exec to begin formal talks with KKR on the proposed takeover deal, but this story is a long way from its conclusion still.
KKR is apparently still interested in acquiring TIM, but has reportedly shaved around a fifth off its original offer price.
A special committee within the artist formerly known as Telecoms Italia is expected to make a call on the KKR takeover bid by mid-March, a source has told Reuters.
Telefonica is spending a couple of hundred million euros to buy back a stake in its submarine cable business that it sold to KKR almost exactly five years ago.
As the KKR takeover bid for Telecom Italia hangs in the air, the Italian government has signalled that it wants to control key strategic assets.
Luigi Gubitosi, the ex-CEO of Italian operator group TIM, has been given 6.9 million reasons to step down from its board of directors.
Luigi Gubitosi, CEO and GM of the artist formerly known as Telecom Italia, has had his resignation accepted by the TIM board.
The stage is set for the next big boardroom battle at Telecom Italia following a surprise offer to buy it.
TIM and the Italian government appear to be approaching common ground over the future of Italy’s broadband network.
KKR, Cinven and Providence have combined forces to buy Spanish telco MasMovil, but with depressed share prices and regulatory opinions shifting, it could just be the first corporate transaction.
US investment firm KKR has outlined vague plans to fuel growth in the European data centre market with $1 billion for a build-to-suit and roll-up acquisition data centre platform.
KKR is the latest investment firm to pump cash into European telecoms infrastructure, and with traditional investments on wobbly ground, the trend is set to continue.
German internet service provider United Internet this week signed an agreement with private equity firm Kohlberg Kravis Roberts to acquire all outstanding shares of network operator Versatel for €586m in cash.
Everything Everywhere could be the subject of a takeover bid by private equity house KKR, which also owns British retailers Boots and Pets at Home. The bid is being masterminded by former EE CEO Tom Alexander, who is said to have held discussions with KKR and private equity group Apax, the Financial Times reported.
Arun Sarin, former chief of world leading carrier Vodafone has reappeared as a senior advisor to his old employer –investment firm Kohlberg Kravis Roberts & Co. (KKR).
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