Deals
Swisscom Nears €440 Million Telecom Italia Network Stake Sale
- Firm in talks with KKR for its 4.5% Telecom Italia fiber stake
- KKR agreed last year to buy the most of Telecom Italia grid
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Swisscom AG’s Italian unit is nearing the sale of its stake in Telecom Italia SpA’s fiber company to private equity firm KKR & Co., which is seeking to cement its hold on the country’s telecommunications network.
Fastweb SpA is in advanced talks with KKR to sell its 4.5% holding in Telecom Italia’s FiberCop SpA for about €440 million ($479 million), according to people familiar with the matter, who asked not to be identified because the discussions aren’t public.