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Announced

KKR to acquire a 4.5% stake in FiberCop from Fastweb for €438.7m.

Synopsis

KKR, a private equity firm, agreed to acquire a 4.5% stake in FiberCop, a developer of digital services through high-performance fiber optic connections, from Fastweb, an Italian telecommunications company, for €438.7m. Fastweb remains fully committed to its mission of driving innovation and connectivity in the country through investments in key telecommunications infrastructures. Fastweb will therefore keep making relevant investments to increase the coverage of its proprietary, end-to-end controlled fiber network and will continue to be a key provider of wholesale services to third parties, ensuring the availability of robust and competitive offerings in the market.

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