Tim, Mef on Kkr offer: “Positive news interest by country”

The government takes note of Kkr’s offer and will evaluate the projects on the network. To do this, it will set up a working group, the Ministry of Economy and Finance informs in a note, “made up of government officials, holders of the institutional skills mainly involved, as well as administrations and experts”. “The interest of these investors in making investments in important Italian companies is positive news for the country. If this were to materialize, the market will first assess the solidity of the project”. The communication on the day in which Kkr presented an expression of interest for Tim’s 100% which was examined by the board of the Italian telecommunications operator. Tim, notes the Mef, is “the largest telephone operator in the country. It is also the company that holds the most significant part of the telecommunications infrastructure. The Government will closely monitor the developments in the expression of interest and will carefully evaluate to exercise their prerogatives, projects involving the infrastructure “. The government’s objective, the ministry underlines, “is to ensure that these projects are compatible with the rapid completion of the ultra-broadband connection, as set out in the National Recovery and Resilience Plan, with the necessary investments in infrastructure development, and with the safeguarding and growth of employment “.