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Italy s competition watchdog to probe TIM s FiberCop project Tuesday 22 December 2020 | 10:38 CET | News Italy s antitrust and competition authority AGCM has announced the launch of a new investigation into the last-mile fibre and copper grid company set up by Telecom Italia (TIM). The operator currently holds 58 percent of the company, dubbed FiberCop, with KKR Infrastructure having acquired 37.5 percent earlier this year and Fastweb retaining 4.5 percent thanks to its holding in the Flash Fiber joint venture. The watchdog said FiberCop is a strategic national project requiring full transparency to achieve the crucial objective of increasing fibre uptake.
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Most Australians don t have enough fiber in their diet.
Not Macquarie, though, which is about to acquire a stake of between 40% and 50% of Italy s fast wholesale broadband operator Open Fiber from Italian energy giant Enel.
Enel s board met in Rome yesterday and approved the sale, afterward issuing a statement saying their side expected the deal to be completed by the end of June 2021.
Fiber rich: Australian investment bank Macquarie is about to snap up a large stake in Italy s Open Fiber. (Source: Denny Müller on Unsplash
If the Sydney-based investment bank and financial services company buys a 50% stake, this is worth 2.65 billion.