Announced
Financials
Sources
Tags
Single Bidder
Cross Border
Majority
Public
Italy
Acquisition
Friendly
Private Equity
business telecommunications
Landline
fiber backbones
internet
Failed
Synopsis
KKR, a global investment firm, failed to acquire Telecom Italia, a telecommunication company, in a $37bn deal. On January 12, 2022, Italy announced it wants to keep control of Telecom Italia's key assets in any KKR bid. On February 12, 2022, Telecom Italia announced its Board together with new CEO Pietro Labriola will discuss alternatives to KKR takeover on Monday February 14, 2022.
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