Italian government interrupts Telecom Italia board meeting to delay sale to KKR
Ministers sent a request for a one-month delay just as executives were about to approve the deal
05 August 2020 - 18:21
Milan — The Italian government interrupted Telecom Italia’s board meeting on Tuesday to halt the sale of part of its network to private equity firm KKR, just as executives were about to approve the deal.
KKR was poised to sign the purchase agreement for the former phone monopoly’s secondary network, when ministers sent Telecom Italia chair Salvatore Rossi a request for a one-month delay. The government views the sector as strategic and is keen to create a single ultrabroadband operator, according to people familiar with the matter...
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