Telecom Italia S.p.A. (TIAOF)
- Bloomberg
Swisscom Sells €439 Million Telecom Italia Network Stake to KKR
(Bloomberg) -- Swisscom AG’s Italian unit agreed to sell its stake in Telecom Italia SpA’s fiber company to private equity firm KKR & Co., which is expanding its holdings in the country’s telecommunications network. Most Read from BloombergModi Vows to Retain Power Even as Party Loses India MajorityBlackRock, Citadel Back Texas Stock Exchange in Challenge to NYSEModi’s Magic Is Fading Fast. Who’s Next for India?Short Sellers in Danger of Extinction After Crushing Stock GainsIndian Stocks Lead Ga
- Reuters
KKR wins EU nod for $24 billion Telecom Italia fixed-line network deal
BRUSSELS/MILAN (Reuters) -U.S. investment firm KKR secured unconditional EU antitrust approval on Thursday for its up to 22-billion-euro ($24 billion) acquisition of Telecom Italia's (TIM) fixed-line network. The European Commission's announcement confirmed a Reuters' story last week. "The Commission investigated the impact of the transaction on the market for wholesale broadband access services in Italy and concluded that it would not significantly reduce the level of competition," the EU executive, which also acts as the EU antitrust watchdog, said in a statement.
- Yahoo Finance UK
Stocks to watch this week: Salesforce, Pets at Home, Abercrombie & Fitch and Dr Martens
Earnings preview of key companies reporting this week and what to look out for.
