Telecom Italia picks KKR as exclusive partner for Italian broadband

Topics KKR

Italy’s government wants the former phone monopoly and smaller fibre-optic operator Open Fiber to create a single ultra-fast broadband player to avoid duplicating investments.

A deal has proved tough to hammer out, prompting Economy Minister Roberto Gualtieri on Wednesday to urge the parties to come to an agreement quickly to speed up progress on a strategic infrastructure. TIM said in a statement Gualtieri’s comments were “significant” and that the project with Open Fiber would help overcome the digital divide.....

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