Telecom Italia says EU sees no concentration risks in FiberCop project

MILAN: The European Commission does not see any concentration risks linked to the proposed spin-off of Telecom Italia’s (TIM) last-mile grid and a sale of a minority stake in it to U.S. investment firm KKR, the phone group said on Thursday.

In August TIM agreed to sell to KKR a 37.5% stake of a newly created company, dubbed FiberCop, into which it is transferring its ‘last mile’ network connecting street cabinets to people’s homes.