US investment firm plans to take over Telecom Italia

RIYADH: KKR & Co, an American international funding firm, plans to purchase all of Telecom

Italia, Bloomberg reported, citing sources accustomed to the matter.

The transfer goals at revamping the Italian telecommunications firm that’s seen its market worth fall greater than Eight per cent to €7.four billion ($8.four billion) this yr.


The US firm plans to separate out Telecom Italia’s community enterprise to get a stable income stream from regulated tariffs, the sources stated.

Spokespeople for Telecom Italia and KRR declined to remark.

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