The European Commission has approved unconditionally, under the EU Merger Regulation, the acquisition by KKR & Co. (KKR) of NetCo. The Commission concluded that the transaction would raise no competition concerns in the European Economic Area. Today’s decision concerns the acquisition by KKR of NetCo, which comprises the primary and backbone fixed-line network business of Telecom Italia S.p.A. (TIAOF) as well as FiberCop S.p.A. FiberCop is a joint venture between TIM and KKR comprising TIM’s secondary fixed-line network.
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