The commercial agreement signed between Tim (through Fibercop) and Open Fiber is worth over 200 million which will allow the wholesale company led by Mario Rossetti to access a mix of infrastructures – between those overhead and those located near homes – for push the infrastructure in the white areas avoiding duplication.
As anticipated in recent days by CorCom, therefore, no criticality with Kkr: the American fund, which boasts a 37.5% stake in Fibercop, gave the ok to the agreement during today’s board of directors. Lhe commercial agreement, although detached from the plan for the single Tlc network, is nevertheless to be considered significant: Fibercop and Open Fiber from “enemies” thus become partners and the agreement represents the first step towards finalizing the plan for the integration of fixed network assets, the so-called network newco.
Il memorandum fra Tim e Cdp (majority shareholder of Open Fiber with 60% and Tim’s share with almost 10%) aims to “start negotiations with the aim of reaching the stipulation of a memorandum of understanding aimed at defining the objectives, the perimeter, the structure and the main evaluation criteria and parameters relating to the integration project ”, announced Tim in a note dated 2 April. The signing of the agreement was scheduled for April 30th and after the start of today’s commercial agreement between Fibercop and Open Fiber e according to CorCom it is expected in days.
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