Italian telecom company TIM has approved a proposal from Kohlberg Kravis Roberts & Co. L.P. (KKR) to acquire TIM’s fixed network assets or NetCo, including FiberCop. Optics BidCo, controlled by KKR, will take over the assets at a current enterprise value of 18.8 billion euros, with expectations for this value to rise to 22 billion euros due to earn-outs linked to the occurrence of certain conditions.
