KKR secures EU approval for Telecom Italia acquisition to create the leading fixed broadband player in Italy. This deal will bring together complementary strengths and create a leading fixed broadband player in Italy with the scale and resources to invest in Italy’s digital infrastructure.
Strengthened position in the Italian market
KKR, a leading global investment firm, and Telecom Italia (TIM) have worked closely with the European Commission to address its concerns and secure approval for the transaction. The acquisition will allow KKR to strengthen its position in the Italian market and accelerate the deployment of fiber-to-the-home (FTTH) networks.
Commitment to innovation and service
Under KKR’s ownership, TIM is expected to continue innovating and delivering best-in-class services to its customers. With KKR’s support, TIM is committed to investing in research and development to further enhance its offering and provide customers with cutting-edge solutions.
The acquisition is also expected to bring benefits to Telecom Italia’s employees, as KKR is committed to supporting their professional growth and well-being. The company will continue to invest in training and development programs, ensuring that employees have the skills and knowledge needed to succeed in the evolving telecommunications landscape.
Kind regards E. Thompson.
