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Reuters exclusively reports Macquarie and CDP to win EU nod for Open Fiber deal


Deals

Reuters exclusively reported that Italian state lender Cassa Depositi e Prestiti (CDP) and Australian fund Macquarie are set to secure unconditional EU antitrust approval for their acquisition of broadband network company Open Fiber, sources close to the matter said on Monday. The approval could help a long-unresolved plan to merge Open Fiber’s network with that of Telecom Italia, regaining traction at a time when TIM’s top investor Vivendi is calling into question the role of the group’s CEO Luigi Gubitosi after two profit warnings in the span of a few months.

Article Tags

Topics of Interest: Deals

Type: Reuters Best

Sectors: Business & FinanceEquitiesMediaTelecommunications

Regions: Europe

Countries: GermanyItaly

Win Types: Exclusivity

Story Types: Exclusive / Scoop

Media Types: Text

Customer Impact: Important Regional Story



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