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Telecom Italia inks network integration MoU

May 30, 2022 11.21 Europe/London By Chris Dziadul

Telecom Italia (TIM), CDP Equity (CDPE), KKR, Macquarie and Open Fiber have signed an MoU with the aim of integrating the networks of TIM and Open Fiber.

According to TIM, the purpose of the MoU is to start a process aimed at creating a single, non-vertically integrated telecommunications network operator, controlled by CDPE and participated by Macquarie and KKR, which will accelerate the rollout of fibre optic and Very High Capacity Networks (VHCN) infrastructures throughout Italy.

It adds that the parties have agreed that the integration may be structured by separating TIM’s fixed network infrastructure activities from its commercial activities – through a corporate transaction or combination of corporate transactions to be defined – and the integration of the former with the network controlled by Open Fiber in a manner to be defined. Following completion of this transaction, TIM will be able to focus its activities in the Italian market on telecommunications and data transmission services as a priority.

The parties now aim to sign a binding agreement by October 31, following authorisations, including antitrust, from the relevant national and European Authorities.

It will also require the approval of TIM’s shareholders.

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Related

Filed Under: Editor's Choice, Newsline Tagged With: CDP Equity, Italy, KKR, Macquarie, Open Fiber, Telecom Italia Edited: 31 May 2022 09:48

About Chris Dziadul

Chris is our Central & East Europe Editor. You can talk to Chris on Twitter @chrisdziadul or by email at cdziadul@broadbandtvnews.com

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