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EU clears KKR's $24 billion Telecom Italia fixed-line network deal
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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)

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