KKR partner says fund is analysing FiberCop-Open Fiber tie-up

FREE Breaking News Alerts from StreetInsider.com!

E-mail Address

StreetInsider.com Top Tickers, 7/7/2026

1. SPCX
2. CRNX
3. VRTX
4. WMT
5. LMT
6. RXST
7. SPGI
8. RIVN
9. AGIO
10. SPY

April 1, 2025 7:02 AM EDT

Trading information for KKR & Co is displayed on a screen on the floor of the New York Stock Exchange (NYSE) in New York, U.S., August 23, 2018. REUTERS/Brendan McDermid/File Photo

MILAN (Reuters) - U.S. fund KKR, the main shareholder in Italian fibre optic grid operator FiberCop, is analysing a possible tie-up with Italy's Open Fiber as part of a broader government plan to create a single broadband network, KKR Partner Alberto Signori said at conference in Milan on Tuesday.

WHY IT'S IMPORTANT

Under the terms of Telecom Italia's (TIM) sale of FiberCop to a consortium led by KKR, any combination between FiberCop and Open Fiber before the end of 2026 would trigger an extra payment of about 2.5 billion euros ($2.70 billion) for TIM.

CONTEXT

FiberCop was spun-off from TIM in July 2024, when a KKR-led consortium completed an 18.8-billion-euro buyout of the unit.

Open Fiber, tasked by Italy's government almost a decade ago with rolling out fibre optic cables across the country, is 60% owned by state lender Cassa Depositi e Prestiti, with the rest in the hands of Australian fund Macquarie.

KEY QUOTES

"There is talk about it, there is a willingness on the part of the Italian government to see if there are the conditions to do it, and make savings on investments", Alberto Signori, a partner at KKR's Infrastructure team, said when asked about a possible integration of FiberCop with Open Fiber.

"As FiberCop shareholders we are analysing to see if conditions are there to do it.", he added.

($1 = 0.9257 euros)

(Reporting by Elvira Pollina, Writing by Philippe Leroy Beaulieu)


Serious News for Serious Traders! Try StreetInsider.com Premium Free!

You May Also Be Interested In





Related Categories

Reuters