15 funds interested in TIM-Open Fiber

23 Oct 2019

Press reports from Italy suggest that up to 15 investment funds are interested in taking a stake in a merged Telecom Italia (TIM) and Open Fiber entity, should the tie-up go ahead. Il Messaggero cites unnamed sources as saying that infrastructure funds including F2i, Ardian, Antin, ADIA, Macquarie, GIC, PSP, CPPIB and CIC could seek a stake in the merged business. Negotiations are taking place with a view to merging Open Fiber into TIM to create a single nationwide broadband network. Open Fiber has been valued at between EUR3 billion and EUR4 billion (USD3.3 billion-USD4.5 billion).

Italy, Open Fiber, Telecom Italia (TIM)