TIM urges CDP to take an interest in FiberCop unit

10 Jul 2020

Telecom Italia (TIM) has called on Italian state lender Cassa Depositi e Prestiti (CDP) to invest in its last-mile networks business to allay government concerns about foreign ownership of critical infrastructure. US investment fund KKR is in talks with TIM to take a 40% stake in its access networks unit which has been dubbed FiberCop. With some politicians worried that KKR may have too much influence over the running of the last-mile operations, Reuters is reporting that TIM wants CDP to take a stake in the business to ensure national interests are covered. CDP has a minority shareholding in TIM.

Italy, Telecom Italia (TIM)