TIM, KKR, Fastweb: decisive step towards the single network

From yesterday evening, the single network has taken a further step forward in what seems to be a progress marked by now, towards a horizon now outlined, always and in any case with the fear of a false step at any time after a long wait. The step is the one announced by TIM, which in a few hours brings two names such as KKR and Fastweb to FiberCop (the newborn reality that will soon cross its destinies with Cassa Depositi e Prestiti).

FiberCop, here is KKR and Fastweb

So here are the official words with which this piece also goes in its place and the overall figure begins to take shape:

TIM's Board of Directors has approved the agreement with KKR Infrastructure and Fastweb relating to the establishment of FiberCop, the NewCo in which TIM's secondary network (from the street cabinet to the customers' homes) and the fiber network developed by FlashFiber, the joint-venture owned by TIM (80% ) and Fastweb (20%). The Board also expressed satisfaction with the recent signing of a memorandum of understanding with Tiscali.

But not only: in the same press release, as in a declaration of intent that is promised, there is also the announcement of the next step. Here it is:

TIM's Board of Directors also examined and approved the letter of intent with CDP Equity aimed at integrating FiberCop into the broader project for the establishment of a single national network company. The Board of Directors has mandated the Chief Executive Officer, Luigi Gubitosi, to sign the agreement.

The announcement is also blessed by the CEO of Fastweb, Alberto Calcagno: