Telecom Italia, Tiscali Agree on Ultra-Broadband Partnership
August 27 2020 - 7:53AM
Dow Jones News
By Pietro Lombardi
Telecom Italia SpA and Italian telecom company Tiscali SpA have
signed a memorandum of understanding to develop a strategic
partnership in the ultra-broadband market.
Under the agreement, Tiscali will have a commercial
participation in a new co-investment project called FiberCop, which
also include KKR Infrastructure Fund.
"The first step of the project is to streamline Tiscali's
network, creating the conditions to facilitate the migration of its
customers to FiberCop's ultra-broadband network," the companies
said Thursday. "This will also allow Tiscali to substantially
reduce the network infrastructure costs, avoiding
duplications."
The parties will also discuss a possible future acquisition by
Tiscali of a stake in FiberCop.
Write to Pietro Lombardi at pietro.lombardi@dowjones.com;
@pietrolombard10
(END) Dow Jones Newswires
August 27, 2020 07:38 ET (11:38 GMT)
Copyright (c) 2020 Dow Jones & Company, Inc.
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