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Fastweb sells its stake in FiberCop to KKR

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Fastweb sells its stake in FiberCop to KKR

Fastweb pronounces right now that it has acquired a settlement for the sale of its share in FiberCop and Optics Bidco SpA. The firm, which is managed by KKR, will purchase all of the shares held by Fastweb in FiberCop, which is equal to a 4.5% stake. 438.7 million euros paid in money, the quantity comparable to the professional rata quantity paid by KKR to TIM for its share. The “deal” stays topic to the completion of the NetCo transaction led by KKR, the closing of which is anticipated in Q3 2024.

Fastweb has been a shareholder of FiberCop since 2021from the start of an organization shaped with TIM and the American funding fund KKR to speed up the event of fiber optic infrastructure in Italy. “A transaction – we learn within the newspaper – doesn’t have an effect on the wholesale settlement between Fastweb and FiberCop”. The Swisscom firm says it’s nonetheless dedicated to its mission of innovation and the event of communications within the nation by investing in vital telecommunications infrastructure.

So Fastweb will proceed – says the corporate – to make vital investments to extend the protection of its proprietary fiber community finish to finish and can proceed to be an vital provider of wholesale companies to 3rd events, making certain the provision of sturdy gives. and competitors out there.

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