KKR close to obtaining authorization to purchase the TIM network
The US fund KKR, writes Reuters, should obtain the unconditional EU antitrust authorization for the purchase of Telecom Italia’s fixed network after agreeing to keep the commercial agreements with Tim’s rivals unchanged. KKR would not have offered any other remedies according to an update published on the European Commission’s website, a move that will allow the negotiations to be closed by the set date of May 30. L’The EU is therefore preparing to give its blessing to the NetCo spin-off operationthe network company whose shareholding structure will also include the Mef, Ministry of Economy (20%) and the F2i fund (10%).
In the meantime, to encourage the adoption of new fiber optic technologies and accelerate the country’s digitalisation process, starting tomorrow TIM will start the process of decommissioning the first 62 all-copper power plants. The switch-off plan for the copper access network thus begins, which involves the progressive shutdown of over 6,700 exchanges, out of the approximately 10,500 existing ones, by 2028. The 62 exchanges covered by this first intervention are located in 54 municipalities spread across 11 regions: Basilicata, Campania, Calabria, Emilia-Romagna, Lazio, Lombardy, Molise, Puglia, Sicily, Tuscany and Veneto. The shutdown involves the passage of the connections established on these exchanges (ADSL, ISDN and RTG telephone lines) to the new generation TIM network, already available totally or partially in fibre.
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