While the exact bid price remains undisclosed, TIM's valuation, inclusive of its subsea cable unit Sparkle, is approximated at around €23 billion (US$24.2 billion).
Founder and Editor, The Tech Capital
3 Mins
October 17, 2023 | 12:43 AM BST
Pietro Labriola is Chief Executive Officer and General Manager of TIM. Source: TIM
American investment firm, Kohlberg Kravis Roberts & Co. (KKR), has made a binding offer to acquire a significant portion of Telecom Italia SpA (TIM) (BIT: TIT), including its fixed network business, FiberCop, and its subsea cable unit, Sparkle.
Founder and Editor, The Tech Capital
3 Mins|May 02, 2024
4 Mins|May 02, 2024
4 Mins|May 02, 2024
Unitirreno’s Mediterranean subsea cable enters manufacturing phase
Unitirreno Submarine Network S.p.A. has completed the marine survey for its new subsea cable networ...
Schneider Electric and STACK EMEA – Collaborating to Power the Path to a Sustainable, Digital Future
Schneider Electric, the leader in digital transformation of energy management and automation, provi...
Australia’s largest pension fund AustralianSuper buys $1.6bn stake in DigitalBridge-sponsored Vantage EMEA
Australia's leading pension fund, AustralianSuper, has invested €1.5 billion into Vantage Data Ce...
Measure, manage, control: How Data4 is building Europe’s green AI data centres – part 1
Amidst the ever-evolving landscape of design, artificial intelligence (AI), and sustainability inno...
Digital Realty lands in Rome with new data centre to break ground within weeks
US data centre trust Digital Realty (NYSE: DLR) has entered the Italian market following the acquis...
Keppel DC REIT sails through H1 with stable books, reiterates ‘cautious optimism’ on growth opportunities
Keppel DC REIT (SGX: AJBU) has reported rather flat, but positive, results for the first half of 20...
