Deals
KKR Readies EU Remedies for €22 Billion Telecom Italia Deal
- Private equity firm is poised to offer package of commitments
- Move seen as a precursor to early EU antitrust approval
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KKR & Co. is poised to offer a package of commitments aimed at winning an early European Union approval for its €22 billion ($23.8 billion) bid for Telecom Italia SpA’s land-line network.
The remedies, expected to be filed next week, will likely solve EU concerns over possible price hikes in the wholesale telecom market — paving the way for June approval of the deal, according to people familiar with the matter who spoke on condition of anonymity.