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Italy's FiberCop waives dividends as churn accelerates
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Italy's FiberCop waives dividends as churn accelerates
KKR paid €22 billion for its stake in the NetCo last year, has filed complaint against rival Open Fiber to the EC and remains under investigation by the EC itself US investment firm KKR is to waive dividends from FiberCop, the NetCo it controls having won a long tussle and paid €22 billion to spin it out of former incumbent Telecom Italia last year. Italy’s Ministry of Finance and Abu Dhabi’s sovereign wealth fund, AdiaIt, are also shareholders.…
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