TIM | Total Telecom

KKR preparing to soothe EU regulatory concerns over TIM’s NetCo

by Harry Baldock | May 15, 2024

News A report suggests that the US-investment firm is preparing to file a number of concessions...

Oracle expands Italia footprint via TIM’s Turin data centre

by Harry Baldock | May 3, 2024

This week, cloud giant Oracle has announced a new deal with TIM Enterprise, the B2B unit of Italian incumbent operator Telecom Italia (TIM), to form a cloud region centred around TIM’s data centre in Turin.

Telecom Italia secures €1.5 billion loan before NetCo sale completion

by Georgia Sweeting | Apr 5, 2024

Telecom Italia (TIM) has announced that it has signed a €1.5 billion bridge loan to strengthen its financial position ahead of the sale of its fixed network infrastructure business, NetCo, to KKR and the Italian government for up to €22 billion.

Canadian pension fund to take slice of TIM’s NetCo

by Harry Baldock | Mar 11, 2024

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.

F2i to invest €1bn in TIM’s NetCo

by Georgia Sweeting | Jan 22, 2024

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.

Italian government gives greenlight to KKR’s purchase of TIM’s NetCo

by Georgia Sweeting | Jan 17, 2024

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.

Sparkle Launches GreenMed Submarine Cable in the Adriatic to Connect Italy with the Balkans and the Central-Eastern Mediterranean Countries

by Georgia Sweeting | Dec 22, 2023

Press Release First phase of an investment project in a new backbone to strengthen Italy’s...

Vivendi takes legal action over TIM sale

by Georgia Sweeting | Dec 15, 2023

According to three unnamed sources in a Reuters report, TIM’s largest shareholder Vivendi have filed a legal complaint to a Milan court against TIM’s decision to sell its domestic fixed-line network to US firm KKR. After entering into negotiations in June, the TIM and KKR confirmed the deal, worth roughly €18.8 billion, last month.

Telecom Italia approves KKR’s €18.8 billion fixed infra acquisition

by Georgia Sweeting | Nov 6, 2023

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.