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TIM and Open Fiber discuss network deal, while KKR’s offer for TIM looks less likely to succeed

11 Feb 2022

Telecom Italia (TIM) and Open Fiber have reportedly begun preliminary discussions over the possibility of network sharing in rural areas of Italy. A report from CorCom said the deal would give Open Fiber access to TIM’s networks and allow it to expand its wholesale operations.

Meanwhile, a report from Bloomberg suggests that the Italian government thinks a TIM buyout offer from private equity fund KKR is valued too low. According to unnamed sources, state lender Cassa Depositi e Prestiti (CDP), which owns almost 10% of TIM, currently values the holding at around EUR0.82 (USD0.94) per share, while the KKR bid is worth EUR0.505 per share. French group Vivendi, which owns around 24% of TIM, had already stated that it saw the KKR offer as being undervalued.

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