Sunday, 03 July 2022

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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