Investment firm KKR has issued a formal response contesting allegations brought by the European Commission regarding its €22 billion acquisition of Telecom Italia’s fixed-network business, known as NetCo.
The dispute centers on claims by the European Commission that the firm provided misleading information during the regulatory review process of the transaction. KKR has officially disputed these allegations, maintaining its position regarding the accuracy of its submissions during the deal’s approval phase.
The NetCo deal, which involved the carve-out and acquisition of the primary fixed-line network assets from Telecom Italia, represents a significant development in the European telecommunications infrastructure landscape. The transaction has been subject to intense regulatory scrutiny due to its scale and impact on the Italian digital infrastructure market.
Further details regarding the specific nature of the allegedly misleading information and the potential consequences for the transaction remain limited, as the involved parties engage in the regulatory review process.
Source: Data Center Dynamics
Original article: https://www.datacenterdynamics.com/en/news/virgin-media-o2/
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