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KKR could up its stake in TIM fixed infrastructure vehicle

8 Nov 2021

Private equity firm KKR is reportedly considering taking a greater stake in Telecom Italia’s (TIM’s) fixed line assets. Reuters cites three sources as saying that KKR could make a new investment in TIM’s infrastructure business FiberCop after it paid EUR1.8 billion (USD2.1 billion) for a 37.5% interest in the unit last year. The report also says that KKR could be open to taking a direct stake in TIM, provided the Italian government agreed. A plan to merge the fixed assets of TIM with those of government-backed wholesale firm Open Fiber has been resurrected recently as TIM CEO Luigi Gubitosi now seems ready for his company to accept a minority stake in the merged entity.

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