Single network. Government presses, Tim takes time and postpones 31 August signing with Kkr

2020-08-04T19:37:35.681Z

The government presses for the single network and Tim takes time with Kkr on the Fiberco operation. The signing of the agreement, according to what has been learned, has been postponed to August 31, but the operation has not been stopped. The government wrote to Tim and asked, on the project of the network being examined by the Board, to evaluate "the opportunity to evaluate the most appropriate ways to place the operation in this broader strategic context, continuing, starting from the next few hours, the dialogue with the institutional and market players concerned that will be promoted by us ". It is a summary of the content of the letter sent to Tim who today examined Kkr's proposal on part of the network. In the letter, the government highlights how the promotion of an ultra-broadband national network is one of the priorities of the country's recovery plan and explains that the letter was sent in the awareness of the important project being examined today by the Board of Directors "aimed at set up a network company within the group, also with the participation of highly qualified international investors ". "No one stops - as far as we learn - from Prime Minister Giuseppe Conte and the Government on Tim." Indeed. Today the government has shown a strong interest in promoting an integrated ultra-broadband national network to create a strategic infrastructure in the country ", report the same sources regarding the story of the offer by Kkr to acquire a part of FiberCorp" The Government recognizes the importance of the Tim project and the participation it provides of highly qualified international investors, and has made itself available to contribute to enhancing it, placing it in the context of a broader strategic context, which also involves the involvement of other institutional and interested market ", he explains. Kkr's offer, 1.8 billion euros for 37.5% of Fiberco and the partnership with Fastweb which would have 4.5% of the 20% contribution currently held in Flash Fiber, Tim likes it but the board postpones the decision until August 31 "in light of the initiatives" put in place by the Government. I welcome the acceleration of the Single Network project and will participate enthusiastically in the work that the Government intends to start in the next few hours "he adds.