Deals
24 May 2024, 2:27 pm 1 minute
Reuters exclusively reported that U.S. investment firm KKR was set to secure unconditional EU antitrust approval for its up to 22-billion-euro ($24 billion) acquisition of Telecom Italia’s (TIM) fixed-line network. The story was later confirmed by the European Commission. The deal is significant as it marks the first time that a former phone monopoly in a major European country is divesting its landline grid.
Market Impact
The deal is significant as it marks the first time that a former phone monopoly in a major European country is divesting its landline grid.
Article Tags
Topics of Interest: Deals
Type: Reuters Best
Sectors: Telecommunications
Regions: Europe
Win Types: Exclusivity
Story Types: Exclusive / Scoop
Media Types: Text
Customer Impact: Important Regional Story
