Telecom Italia faces one of the world's most competitive telecommunications markets, with cut-price offers from rivals eroding the former state-owned monopolies' profit margins. "Telecom Italia is retaliating by pushing prices higher, in the hope that the rest will follow. Bloomberg News reported this month that KKR was considering a takeover of Telecom Italia's fibre unit, FiberCop. KKR's future plans for Telecom Italia would be an alternative to the long-discussed merger of FiberCop with its smaller, state-backed rival, Open Fiber SpA. KKR had already held some talks with the Italian government about a bid for Telecom Italia, people familiar with the matter said.

Source: The Edge Markets November 21, 2021 20:45 UTC