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Open FIber

Italy network integration MoU signed

Further to an earlier announcement, CDP Equity (CDPE), a company wholly owned by Cassa Depositi e Prestiti (CDP), Teemco Bidco S.à.r.l., a Luxembourg company controlled by one or more funds managed by Kohlberg Kravis Roberts & Co. L.P. (KKR), Macquarie Asset Management (Macquarie), Open Fiber and TIM have entered into a non-binding Memorandum of Understanding […]

May 30, 2022

TIM agrees fibre deal

In a move designed to speed up digitalisation of Italy, dominant telco TIM, FiberCop and Open Fiber have signed a commercial agreement that allows for the reuse of the network infrastructures in what are termed the ‘white areas’, where the development of a TLC infrastructure under concession has been financed by public funding. The agreement […]

May 16, 2022

TIM, CDP deal for Open Fiber

Telecom Italia (TIM) has signed a non-disclosure agreement with Italian state lender Cassa Depositi e Prestiti (CDP) as it begins formal talks on the possible integration of its fixed network with that of rival Open Fiber, where CDP holds a 60 per cent stake. A series of talks have been plagued with delays and disagreements. […]

April 4, 2022

TIM talks with KKR

Telecom Italia (TIM) is starting formal talks with the KKR fund on its €10.8 billion offer. KKR made an initial approach for TIM in November 2021. TIM has now said that it would start talks with KKR while simultaneously exploring its alternative of possible merger with state-backed broadband operator Open Fiber. TIM carries €29 billion […]

March 14, 2022

TIM agrees single fibre net deal

Telecom Italia (TIM) has backed a government plan to set up a single high-speed broadband network company with rival Open Fiber. It has sold a 37.5 per cent stake in its last-mile fixed network to US investment fund KKR Infrastructure for €1.8 billion. The deal is expected to be the launch pad for the government’s […]

September 1, 2020