A €1.8 billion ($2.1 billion) deal between Telecom Italia (TIM) and KKR has been pushed back to Aug. 31, giving the companies more time to come to a decision, Reuters reported yesterday. The postponement was made on a government request to negotiate a deal with rival Open Fiber.
As previously reported, KKR has issued a binding offer to purchase a 37.5 percent stake in TIM’s “last-mile grid” known as Fibercop, a secondary copper and fiber network
The deal could lead to a merger of TIM’s last-mile assets with rival Open Fiber and state lender CDP, which already owns a 10 percent stake in TIM.
Reuters reported the companies, along with Enel, have been in talks since June 2019 about combining their assets, but have failed to come to a decision.
