Telecom Italia : Forthcoming merger with EOF and official announcement of deal with KKR
>Creation of FiberCop, a deal for which the broad lines were already known - Yesterday evening, Telecom Italia announced the official creation of FiberCop which will see KKR enter the capital of Telecom Italia’s fixed network at 37.5%. Telecom Italia will retain 58% whilst Fastweb, which was already in a joint venture with Telecom Italia will keep 4.5%. This deal values FiberCop at an EV of € 7.7bn, with debt of € 3bn and cash for Telecom Italia of € 1.8bn. FiberCop s...Telecom Italia is a telecommunications group based in Italy. Co. is engaged in the communications sector and, particularly, the fixed and mobile national and international telecommunications sector, the television sector and the office products sector. Co. operates mainly in Europe, South America and the Mediterranean Basin. Co.'s operations are organized along two operating segments: Domestic - Italy (providing telephone and data services on fixed-line and mobile networks for final customers (retail) and other operators (wholesale)); and Brazil (operates in the mobile phone, fixed telephony, in long-distance and data transmission markets in Brazil).
Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.
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