financetom
Business
financetom
/
Business
/
EU clears KKR's $24 billion Telecom Italia fixed-line network deal
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
EU clears KKR's $24 billion Telecom Italia fixed-line network deal
May 30, 2024 8:46 AM

BRUSSELS (Reuters) - EU antitrust regulators gave unconditional approval on Thursday to U.S. investment firm KKR's 22-billion-euro ($24 billion) acquisition of Telecom Italia's (TIM) fixed-line network.

The deal is significant as it marks the first time that a big telecoms operator in a major European country is divesting its landline grid, potentially paving the way for others to follow suit.

The Commission's announcement confirmed a Reuters' story last week.

($1 = 0.9245 euros)

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Canada, BC government approve Ksi Lisims LNG project on Pacific coast
Canada, BC government approve Ksi Lisims LNG project on Pacific coast
Sep 15, 2025
Sept 15 (Reuters) - Canada's federal government and the province of British Columbia have approved the Ksi Lisims LNG project, a proposed liquefied natural gas export terminal to be built on the country's northwest Pacific coast. The Canadian government under Prime Minister Mark Carney is aiming to accelerate the construction of natural resource projects to boost the economy and reduce...
Trump Hints TikTok Deal May Finally Be Complete But GOP China Hawks Demand ByteDance Disinvestment And Full Algorithm Split
Trump Hints TikTok Deal May Finally Be Complete But GOP China Hawks Demand ByteDance Disinvestment And Full Algorithm Split
Sep 15, 2025
On Monday, President Donald Trump indicated that a long-awaited deal over TikTok could be nearing completion, but Congressional China hawks are pressing for strict enforcement of last year's law requiring ByteDance to fully divest its U.S. operations and separate the app's algorithm from Chinese control. Trump Teases Framework For TikTok Deal On Truth Social, Trump wrote that a deal had...
Australia wants 'minimally invasive' age checks under teen social media ban
Australia wants 'minimally invasive' age checks under teen social media ban
Sep 15, 2025
* Internet watchdog unveils guidance for tech firms * Social media firms should use existing data to estimate age * Blanket age verification process unreasonable, regulator says By Renju Jose SYDNEY, Sept 16 (Reuters) - Australia urged social media platforms on Tuesday to employ minimally invasive methods to check the age of users covered by its world-first teen social media...
PRESS DIGEST-Financial Times - September 16
PRESS DIGEST-Financial Times - September 16
Sep 15, 2025
Sept 16 (Reuters) - The following are the top stories in the Financial Times. Reuters has not verified these stories and does not vouch for their accuracy. Headlines - Amazon ( AMZN ) to launch augmented reality football coverage - Britain fintech SumUp explores listing at up to $15 billion valuation - China says Nvidia ( NVDA ) violated antitrust...
Copyright 2023-2026 - www.financetom.com All Rights Reserved