TIM, European Commission approves KKR’s takeover of WebCo

The European Commission admitted inexperienced gentle to gather WebCoalong with community activities around mount phones and the spine Telecom Italia SpA. (TIM) and di FibreCop (tripartite partnership between TIM and KKR), by the American fund KKR (Kohlberg Kravis Roberts & Co).

This determination adopted in accordance with the EU Merger Regulationissued unconditionally, confirming the execution of the operation does not raise the issue of competition within the European Economic Area (EEA) and may be concluded. The deal is crucial as it marks the first time a major European telephone operator has offered a fixed-line telephony to the community.

The Commission’s decision comes months after the sale was approved by Italian authorities, which handed over its inexperienced, delicate operation last January. for the purposes of the “Golden Power” legislation.an algorithm aimed at limiting the influence of international traders in strategic Italian corporations.

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