TIM, AGCOM requests a hearing on the network and business plan

TIM evaluates the offer arrived from KKR BoD is updated

(Finance) – The Authority for Guarantees in Communications (AGCOM) means listen to the leaders of TIM regarding the offers received for the fixed network and the business plan. In fact, the Authority’s Council unanimously mandated President Giacomo Lasorella to agree with the top management of the telecommunications company “a hearing to get updates on the co-investment offer for the construction of high-speed fiber networks and on the implementation of the industrial plan”.

The hearing “has relevance for the assessments that the Authority is called to carry out on the competitive context of the markets for access to network infrastructures”, reads a note.

Last Sunday she came from Cassa Depositi e Prestiti (CDP) and Macquarie a joint offer for the TIM network, an alternative to that of the US fund kkr extension. Both offers, according to press rumors, value the perimeter at 18 billion euros, including debts, with that of KKR which would also have an earnout mechanism to reach 20 billion euros.

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