Tim-Open Fiber, the agreement will be made. No friction with Kkr

No stop by Kkr. Nor a postponement of the deadlines to come to evaluate the single network dossier. FTim and Open Fiber the commercial agreement will be made and according to CorCom the agreement should be finalized as early as next week.

According to what Il Messaggero writes the American fund allegedly “blocked” the agreement for a “divergence of over 100 million” and then, he would like to postpone everything by linking the agreement itself to the match of the single goal. But according to CorCom, the Fibercop board of directors two days ago would not have brought either of the two issues to the table.

What appears is that the agreement of a commercial nature is proceeding that will allow Open Fiber to access Fibercop infrastructures (Tim’s wholesale company in which Kkr holds a 37.5% stake) also taking into account the fact that Enel’s exit as shareholder (50% was sold with the descent of Macquaire with a share of 40% alongside Cdp which rose to 60%) inevitably involves the lack of access to the energy company’s infrastructure – piling and real estate and building services – for the creation of fiber networks in the white areas.

What appears to CorCom is that work is being done to refine the technical and economic issues and come to a close in the coming days: the nature of the negotiations is therefore strictly of a “business” type not linked to the game of the expression of interest presented by Kkr to Tim ended in a stalemate. Nand there would be links of any kind with the single network dossier also because the newco Tim-Open Fiber would still take a long time to finalize. L‘goal is to reach a memorandum of understanding by 30 April, as announced by Tim herself earlier this month. “Tim, at the request of Consob, specifies that he has signed a confidentiality agreement with Cdp Equity in order to initiate preliminary discussions regarding the possible integration of Tim’s network with the Open Fiber network, of which Cdp Equity holds 60% of the share capital – communicated the telco in a note dated 2 April – The agreement is functional to start negotiations with the aim of reaching the stipulation of a memorandum of understanding by April 30 (memorandum of understanding) volto a define the objectives, the perimeter, the structure and the main criteria and evaluation parameters relating to the integration project “.

In the meantime, the reorganization of resources continues at Tim’s home: Stefano Grassi, Security Executive Vice President, President of Telsy and director of the Sparkle Board of Directors, will leave the Group to embark on a new managerial path.

Tim and Open Fiber at Telco for Italy on May 3rd

Fixed and mobile ultra-broadband, the telco roadmap

Investments in new networks are growing, what are the plans of the operators to close the gaps? From cities to small municipalities passing through districts and peripheral areas. But we will have to deal with bureaucracy, inadequate regulations, insufficient staff. How to untie the knots? Among the speakers of Telco for Italy, Francesco Castelli, Tim’s Regulatory Strategy & Equivalence Manager and Francesco Nonno, Open Fiber’s Regulatory Manager.