TIM starts formal talks with CDP for building Italian single network
by Harry Baldock, Total Telecom
Monday 04 April 22
The talks could be the death knell for KKR’s €10.8 billion takeover offer, which has been on the table now for over four months
This week, Italy’s largest operator TIM has announced that it has signed a non-disclosure agreement with state investment bank Cassa Depositi e Prestiti (CDP) to begin official talks for the merger of their fibre network with that of rival Open Fiber.
The government-owned CDP, which owns a 60% stake in Open Fiber and a 10% stake in TIM, has long been in favour of such a merger.
The idea of merging the two companies&rsquo…
This week, Italy’s largest operator TIM has announced that it has signed a non-disclosure agreement with state investment bank Cassa Depositi e Prestiti (CDP) to begin official talks for the merger of their fibre network with that of rival Open Fiber.
The government-owned CDP, which owns a 60% stake in Open Fiber and a 10% stake in TIM, has long been in favour of such a merger.
The idea of merging the two companies&rsquo…
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