Fibercop Spa News Today

MILAN: Telecom Italia SpA is seeking a valuation of around €20bil (US$21.5bil or RM94bil) for the landline network it plans to sell to a state lender and international funds, according to people with knowledge of the matter.

Telecom Italia SpA (TIM) on Sunday confirmed that it had received a “friendly,” non-binding expression of interest by US private equity fund KKR & Co that values the Italian operator at about 10.8 billion euros (US$12.2 billion). An emergency meeting of TIM’s board of directors was called to discuss “a possible public tender offer for the entire share capital of the company” offering an initial 0.505 euros a share, the firm said in a statement afterward. On Friday, TIM shares close...

Italy may be dashing closer to having a national broadband operator open to all providers, but theres just one more regulatory hurdle in Rome to surmount. In a journey with more twists than fusilli, Italys competition authority said Telecom Italias FiberCop last-mile network grid was a "strategic objective" for Italy and the regulator wanted to be assured there was "healthy, dynamic competition." The Autorità Garante della Concorrenza e del Mercato (AGCM) said it would investigate agreements a...