Telecom Italia Wraps $24 Billion Sale of Fixed Network to KKR Subsidiary

July 5, 2024 |International Telecom

Telecom Italia (TIM) completed the sale of its fixed network infrastructure and other assets to the Optics BidCo consortium, a subsidiary of investment firm KKR, in a deal valued at $24 billion, the company said this week. “The completion of the transaction with KKR and the Italian Ministry of Finance is the result of two and a half years of intense work, during which we have improved the management of TIM and identified industrial and financial solutions that will enable us to meet future challenges,” TIM CEO Pietro Labriola said.