American-based investment firm KKR is putting more money into Europe’s data center boom, announcing an additional $1.5 billion equity commitment to Global Technical Realty (GTR), a built-to-suit data center platform it helped launch.
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The Italian Ministry of Economy and Finance (MEF) and Retelit, a subsidiary of the Spanish Asterion Infrastructure Fund, has made €700 offer for Sparkle, Telecom Italia’s subsea cable unit, the company has announced this week
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Today, Vodafone has announced the sale of a further 10% stake in Oak Holdings, the infrastructure joint venture that controls its mobile tower spin-off Vantage Towers.
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Telecom Italia (TIM) has finalised the sale of its fixed line network ‘NetCo’ to KKR, in a deal worth up to €22 billion. The sale saw TIM transfer its fixed network infrastructure and wholesale activities to its subsidiary FiberCop, which was then fully bought out by KKR, who already owned a minority stake in the business.
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Swisscom has announced that its Italian subsidiary FastWeb has sold its 4.5% share of FiberCop to KKR’s subsidiary Optics BidCo for €439 million.
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News A report suggests that the US-investment firm is preparing to file a number of concessions...
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The European Union’s antitrust regulators have begun asking rivals and customers if the acquisition of Telecom Italia (TIM)’s fixed-line network by US investment firm KKR would negatively affect wholesale competition in Italy, according to a Reuters report, citing people familiar with the matter.
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On Friday, the CPP announced that they would be the latest company to invest in the highly prized fixed network assets of Italian incumbent operator TIM.
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According to a report from Bloomberg, numerous major players are lining up to bid for Altice Group’s 50.1% stake in XpFibre, France’s largest alterative fibre-to-the-home (FTTH) wholesaler.
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Last week, the Italian government reportedly made a bid to acquire 100% of TIM’s submarine cable unit Sparkle. While the financial details of the bid were not revealed, reports suggested that it valued the business at up to €750 million.
Today, further reports suggest that this bid is set to be rejected by TIM, with the company’s directors set to seek a higher offer for its subsea assets
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This week, Millicom’s subsidiary Tigo Colombia has agreed to sell around 1,100 of its mobile towers to US investment firm KKR. The towers will be managed by KKR in partnership with NEXO LatAm, the digital infrastructure platform that manages KKR’s fibre investments throughout Latin America.
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Italian government-backed infrastructure fund F2i has announced that it will invest €1 billion in Telecom Italia (TIM)’s NetCo, acquiring a 10% stak in the newly spun off business. As a result, the company will join US investment firm KKR and the Italian Ministry of Economy and Finance as co-investors.
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The Italian government has cleared Telecom Italia (TIM)’s sale of its fixed line network to US investment firm KKR, noting that KKR’s ownership does not contravene the state’s ‘golden power’ rules designed to protect its strategic assets.
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On Sunday, Telecom Italia (TIM) approved the sale of its fixed-line network to US-based equity firm KKR for €18.8 billion. The fixed-line business will be spun into a new entity named NetCo.
TIM’s board of directors met from 3–5th November to examine the binding offer that was submitted by KKR back in October. Eleven of the board’s fourteen members approved the acquisition.
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News
Today, KKR has announced that it has made a $400 million investment in Malaysian submarine cable specialist OMS Group.
OMS is one of Southeast Asia’s largest subsea cable service providers, using its fleet of cable ships and cable barges to provide support and maintenance for the region’s submarine cable infrastructure.
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News The outspoken shareholder thinks KKR’s bid for TIM’s fixed line network undervalues the...
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News The offer is the latest development in a long-running saga surrounding the sale of TIM’s...
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News The investment is KKR’s largest investment in Southeast Asian infrastructure and data centre...
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News NetCo includes TIM’s fixed line network assets and their submarine cable subsidiary unit,...
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News A summary of all the essential financial news in the telecoms world this week Huawei...
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