Telecom Italia (TIM) has received a non-binding offer from KKR for its fixed-line network.
Although the size of the offer, for “a stake to be defined”, has not been disclosed, Reuters reports that the infrastructure is valued at around €20 billion. Should the offer be accepted, KKR would take control of a company to be set up that matches with the fixed-line network management and infrastructure perimeter, including FiberCop’s assets and activities, as well as the stake in Sparkle, known as Netco.
As previously reported by Broadband TV News, in April last year TIM rejected a bid from KKR for the company as a whole.
KKR already holds a stake in TIM’s last mile network.