News summary
KKR plans to buy Telecom Italia for 22 billion euros, a deal expected to be approved next week, and KKR promises to maintain its ties with 15 competitorsplaytoearndefigamesdark fiber contract.
Newsletter text
The EU is about to approve KKR's € 22 billion acquisition of Telecom Italia
According to sources, US private equity giant KKR's acquisition of Telecom Italia is expected to receive formal approval from the European Union. Currently, the transaction is in the final stage of the approval phase and is expected to receive the final green light next week.
In the deal, KKR committed to maintaining its existing dark fiber wholesale contracts with Telecom Italia's approximately 15 competitors at current prices. This is believed to be an informal commitment made by KKR to regulators to ensure the smooth passage of the transaction.