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KKR, Macquarie in Italy-backed talks over telecoms network commercial deal: Report
The proposed scheme would let FiberCop and Open Fiber share infrastructure while staying rivals in profitable areas, as Italy seeks to avoid duplicated investment.
- On Monday, April 27, owners of FiberCop and Open Fiber began discussions regarding a commercial deal to complete Italy's high-speed broadband rollout, involving U.S. fund KKR, Australia's Macquarie, and Italian state lender CDP.
- Rome previously pushed to merge the rivals, but valuation and debt concerns stalled those efforts last year; the economy ministry now urges shareholders to find alternative solutions without duplicating costly investments.
- Under the proposed scheme, KKR-backed FiberCop would build infrastructure in 'grey' areas lacking ultra-fast broadband, while Open Fiber would remain the only full-fibre operator in subsidized remote regions.
- An accord could prompt antitrust regulators to impose measures to preserve competition, as sources caution the scheme remains subject to change; KKR, Macquarie, CDP, FiberCop, and Open Fiber all declined to comment.
- Despite recent improvements, Italy still lags the European average in full fibre coverage; digital consultancy iDate reports that around 70 per cent of households are passed, though customer take-up remains at roughly 30 per cent.
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KKR, Macquarie in Italy-backed talks over telecoms network commercial deal, sources say
MILAN, April 27 : The owners of Italian telecommunications companies FiberCop and Open Fiber are discussing the terms of a possible commercial deal to complete the country's high-speed broadband rollout, three sources close to the matter said.FiberCop has the Italian government and U.S. fund KKR as its main i
·Singapore
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Exclusive: KKR, Macquarie in Italy-backed talks over telecoms network commercial deal, sources say
The owners of Italian telecommunications companies FiberCop and Open Fiber are discussing the terms of a possible commercial deal to complete the country's high-speed broadband rollout, three sources close to the matter said.
·United Kingdom
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Bias Distribution
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