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Telecom Italia Board Accepts KKR's $20B Offer for Network Assets

Por: MarketWatch Business November 06, 2023

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The deal is valued at 18.8 billion euros ($20.18 billion) including debt, and could reach up to EUR22 billion in the event certain regulatory changes and sector incentives are introduced, the company said in a press release. Telecom Italia said the sale would help it reduce debt by about EUR14 billion, with the deal expected to close by summer 2024. Italy's top phone company has a debt burden of more than EUR25 billion. France-based Vivendi... + full article



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