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TIM to begin KKR talks and Open Fiber merger

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Telecom Italia (TIM) said it will begin official discussions with KKR nearly four months after the US investment firm made a non-binding offer of $11.8 billion for the business. TIM said it has invited its CEO and chairman to speak with KKR to learn more about its prospective proposal after an almost six-hour board meeting on Sunday.    TIM noted in a statement that its board of directors had directed CEO PietroLabriola and chairman Salvatore Rossi to conduct formal conversations with KKR in addition to those already held by its advisers in order to maximize shareholder value in respect to other potential interested parties. The release  went on to say that the goal was to get information on the financial and industrial appeal and execution of KKR’s offer, as well as to define the length and breadth of the applicable confirmatory due diligence sought by the fund prior to a…

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TIM
Telecom News

KKR considering TIM takeover

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The Italian telecoms operator TIM is evaluating the US investment group’s KKR expression of interest in acquiring the full capital stake of the company, a potential 11 billion euro transaction. The proposal was lodged by the US investment fund at a price of €0.505 per share, a 45.7 percent premium over the share’s closing price on Friday.   TIM described KKR’s expression of interest as “friendly,” with the goal of securing approval from TIM’s board and management. Telecom Italia said its board of directors met and addressed the fund’s interest in initiating a prospective public tender, which is subject to a four-week period of due diligence and clearance from the Italian government, that has veto power over the group’s purchase.   Although TIM is a private corporation, because it is considered a strategic asset for Italy, the Italian government has the right to decline any purchase that it believes would…

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Saudi Arabia’s STC group is contemplating a significant move in the European telecom market by considering the acquisition of United Group.
Market Watch

STC Group Eyes European Telecom Giant United Group

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Reports from Reuters suggest that Saudi Arabia’s STC group is contemplating a significant move in the European telecom market by considering the acquisition of United Group, a prominent player in both telecommunications and pay-TV sectors. Citing three anonymous sources familiar with the discussions, the potential takeover could mark a substantial shift in the industry landscape.

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Altice Group's 50.1% share in XpFibre is at the center of attention as multiple key players begin to express their interest.
Market Watch

Tug of War: Altice’s XpFibre Stake Sparks Interest Among Heavyweights

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Altice Group strategically eyes shedding its 50.1% sharing in XpFibre, triggering a ripple of interest from major players like KKR & Co., Macquarie Group, and others. While KKR & Co, Macquarie Group, and CDPQ are all reported to be keen on acquiring the stake, no financial bids have surfaced to date. Meanwhile, Altice Group’s decision to divest isn’t surprising, given its $60 billion debt, and recent considerations to sell other assets.

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Vodafone's potential sale of its Italian operations to Fastweb amid TIM's anticipated sales sets the scene for a transforming landscape.
Telco Buzz

Vodafone’s Italian Venture: Merging, Selling or Staying Put?

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Vodafone’s potential sale of its Italian operations to Fastweb amid TIM’s anticipated network sales sets the scene for a transforming Italian telecom landscape. Amid these changes, Fastweb’s potential merger or acquisition of Vodafone appears rational due to current market dynamics. Nonetheless, political wrangling, rival suitors, and ever-changing regulatory landscapes act as potential roadblocks to this merging of forces. The news underlines the need for strategic shifts amongst Italy’s leading telecom operators amidst significant changes.

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Orange took the center stage at the Network X event to discuss the accomplishments and goals of the company.
5G

Orange’s 5G Ambitions and Infrastructure Divestment Debate

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In the recently held Network X event, Orange’s Deputy CEO shed light on their significant fiber expansion and presented an intriguing outlook on 5G’s future, hinting at its potential in achieving the 2040 CSR objectives. Discussing 5G Standalone (SA), she highlighted it as a gamechanger for B2B interactions, fueling varied possibilities. Briefly discussing their triumph at the Barcelona port project, she humbly emphasized the responsibilities that come with connected factories.

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The recent rebranding of Hyperoptic signals a transformative shift towards customer-centered service with expanded network.
Broadband

Hyperoptic’s Customer-Centric Shift: Offering Better Broadband Experience

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The recent rebranding of Hyperoptic signals a transformative shift towards customer-centered service. Offering an enticing alternative to rivals grappling with unsatisfactory service, opaque pricing, and unreliable connectivity, Hyperoptic aims to shine in the realm of customer experience. Their radical expansion across the UK, encompassing over 1.4 million homes, while maintaining stellar service is an undeniably ambitious move. Yet, they strive to connect even more customers, emboldened by a substantial investment by KKR.

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